Rare Pink Diamond Sells for Over 130 Crore at Geneva Auction

A exceptionally rare pink diamond has commanded a premium price at an international auction, underscoring the enduring value of fine gemstones in the luxury market. The 24-carat 'Bulgari Pink' diamond, classified as fancy intense in colour grading, sold at auction in Geneva for 12.086 million Swiss francs, equivalent to over 130 crore Indian rupees.

Pink diamonds represent some of the world's rarest natural gemstones, with only a small fraction of diamonds mined globally exhibiting such colouration. The intensity and purity of the Bulgari Pink's hue contributed significantly to its valuation at auction. The stone's provenance and certification as a natural fancy intense pink diamond further enhanced its desirability among collectors and investors.

The Geneva sale reflects continued strong demand for exceptional coloured diamonds, particularly among high-net-worth individuals and institutions. Pink diamonds have consistently appreciated in value over recent decades, driven by their scarcity and the declining availability of new discoveries. The successful sale demonstrates the resilience of the luxury gemstone market despite broader economic uncertainties.