Sotheby’s Continuing Their Success with “The Unique Pink” In Geneva

After a successful sale of the 10.10 carat Fancy Vivid Blue ‘DeBeers Millennium Jewel 4’ diamond in Hong Kong, and the announcement of the upcoming sale of the 9.54 carat Fancy Deep Blue ‘Shirley Temple Blue’ diamond ring at its April 19 Magnificent Jewels auction in NY, Sotheby’s continues to march forward stronger than ever at the upcoming Geneva Magnificent Jewels and Noble Jewels auction on May 17.

de beers millennium jewel 4 ring-4

10.10 carat Fancy Vivid Blue ‘DeBeers Millennium Jewel 4’ diamond ring

 

the shirley temple blue

9.54 carat Fancy Deep Blue ‘Shirley Temple Blue’ diamond ring

The Unique Pink Diamond

The 2016 Auction season started a few months with a huge advantage for Sotheby’s when they announced that they would be selling the unique 10.10 carat ‘DeBeers Millennium Jewel 4’. Just a few short days after the 10.10 carat diamond announcement, they announced that they will be selling the 9.54 carat Shirley Temple blue diamond. Both are unique and one of a kind diamonds. It now seems that they felt that it was time to introduce yet another unique diamond to its auction roster, but blue would have not made such an impact any more as they have been making all the headlines lately. Therefore, they are now offering a truly magnificent Fancy Vivid Pink diamond in their upcoming Magnificent Jewels and Noble Jewels auction in Geneva. It is a 15.38 carat diamond and is the largest ever Fancy Vivid Pink pear shaped diamond to ever to be offered in an auction.

the unique pink

The 15.38 carat Fancy Vivid Pink ‘Unique Pink’ diamond

Valuation of ‘The Unique Pink’ Diamond

Its estimated final auction value by Sotheby’s is a final price between $28 million and $38 million. This translates to a price between $1.8 million and $2.47 million per carat.

a hand holding the unique pink diamond

A hand holding the 15.38 carat Fancy Vivid Pink ‘Unique Pink’ diamond

 

The current record holder for a pink diamond was sold for $28,687,003 in total value. It is the 16.08 carat Fancy Vivid Pink ‘Sweet Josephine’ diamond, which was sold back on November 10, 2015 at Christie’s Geneva auction. It was acquired by Hong Kong Billionaire, Joseph Lau for his daughter Josephine. In order to surpass the record set by the Sweet Josephine, the Unique Pink Diamond would have to sell for its estimates given by Sotheby’s, which is likely.

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The 16.08 carat Fancy Vivid Pink ‘Sweet Josephine’ diamond

 

The current record holder of price per carat for a pink diamond remains with the 5.00 carat Fancy Vivid Pink diamond that was sold back on December 1, 2009 in Hong Kong. Its final price was the equivalent of $2.155 million per carat. If we use this figure, the Unique Pink diamond must sell for at least $33.2 million total in order to break that record.

5.00 carat fancy vivid pink sold in dec 2009

The 5.00 carat Fancy Vivid Pink diamond that was sold in Hong Kong in 2009

In short, if it sold for $33.2 million, it would hold 3 records: Largest ever pear shaped Fancy Vivid Pink diamond ever to be sold at auction, the record per carat price for any pink diamond, and the record for total price paid for any pink diamond at auction. That is quite a lot of credit for the Unique Pink to earn! Coincidently, the lower estimated price per carat by Sotheby’s for the Unique Pink diamond happens to be extremely close to the per carat price that the 16.08 carat sold for, which is $1.785 million per carat. Coincidence? We think not.

the unique pink diamond on a sothebys model

The 15.38 carat Fancy Vivid Pink ‘Unique Pink’ diamond on a Sotheby’s model

 

Who is Selling the Unique Pink Diamond, and Who is Buying It?

Let’s address this backwards. First- who is the buyer? Then, who is the seller?
In order to afford such a diamond, the buyer must be a billionaire. It is not quite possible for a millionaire to buy such a stone, not even somebody worth $700-$900 million, it is just simple math. You have to have extreme liquidity in order to be able to buy it, and a millionaire with that kind of liquidity is most likely not possible. You would need to be worth quite a lot of money to have that kind of cash to drop on a diamond for your collection. On the other hand, we have seen that in Geneva back in November 2015, a single buyer spent over $77 million in a 24 hour span on 2 diamonds. So can we see it happen again this May in Geneva? Perhaps so, but we will have to wait and see how momentum is built by both the media and the auction house.

billionaire joseph lau in a limo

Billionaire Joseph Lau in a Limousine

 

The second question that begs to be asked is who is the seller of the Unique Pink Diamond? When was this diamond mined from the earth? How come we have never heard of it until now? Remember that the last few major rough pink diamonds have made public news. The last 2 pink rough diamonds that were discovered by Petra Diamonds at their Williamson mine were both revealed to the market. They each made front page news, not only because of the discovery, which was rare and did not manage to happen since 1947, but also for the fact that both were acquired by the same company simply known as the M.A. Anavi Diamond Group, owned and managed by Meir Anavi.

meir anavi

Meir Anavi

As for the Seller, Sotheby’s just announced that it was polished by Cora International; the same company that sold the Blue Moon diamond, now known as the Blue Moon of Josephine. Ehud Laniado has been working hard for the last few months on the diamond. All I can say at this time is that it took Cora many painstaking hours to polish this Fancy Vivid Pink diamond to perfection. I look forward to reporting live form the auction in Geneva next month. Follow us on twitter @investfcdiamond during the actual auction to find out the results

Ehud Arye Laniado

Ehud Laniado

Who is Meir Anavi and his company, M.A. Anavi Diamond Group?

Right after the sale of the 23.16 carat rough pink diamond from the Williamson mine, owned by Petra Diamonds to the M.A. Anavi Diamond Group, I started my research. I looked into the company behind the purchase, and more specifically, the man behind the company, Meir Anavi.

23.16 carat rough pink diamond

The 23.16 carat rough pink diamond

In an interesting turn of events, it was then revealed to the world just a few short months later that the same company acquired another rough pink diamond from Petra Diamonds. This time, it was a much larger pink diamond, an impressive 32.33 carats in weight. M.A. Anavi Diamond Group has paid $10.05 million for the 23.16 carat rough diamond and $15 million for the 32.33 carat rough pink, and all this in a span of about 3 months!

32 carat rough pink

The 32.33 carat rough pink diamond

Shortly, I will be publishing a full exposé about the company and the man behind it. For now, all I can reveal is that the 23.16 carat rough diamond is almost finished, and after almost 4 months of planning, assessing, and polishing, it will be a stunning pink diamond, something magnificent beyond words. Currently, the 32.33 carat rough diamond is still being assessed by the company’s master cutters, and no plans have been made yet for its final appearance. By the way in case you did not know, M.A. Anavi Diamond Group was a partner on the 12.03 carat, Fancy Vivid Blue Diamond “The Blue Moon of Josephine” prior to its sale.

Will the ‘Unique Pink’ diamond now be acquired and renamed the “Unique Josephine”? Perhaps the ‘Unique Zoe Pink’ diamond? We shall find out that night. What do you think?

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