Stamp-sized pink diamond could bring $28M at auction
NEW YORK - A pink diamond the size of a postage stamp is going on the auction block and it's estimated to bring as much as $28 million.
The 16.08-carat gem could set a record for a cushion-shaped fancy vivid pink diamond when it's offered at Christie's in Geneva on Nov. 10.
The auction house says it's the largest diamond of its kind to come to auction.
A smaller, 8.72-carat pink diamond of the same shape and fancy vivid pink grade sold for $15.9 million at auction in May.
Fancy vivid pink means the hue is of the purest and strongest saturation.
Christie's says the seller purchased it 10 years ago as an investment.
A 25-carat emerald-cut pink diamond holds the auction record for any diamond. It sold for $46 million in 2010.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Residents along the Amite River have been dealing with flooded roads since...
Local restaurants struggling to hire employees as business increases
COAST GUARD: Two more unresponsive crew members recovered from capsized lift boat...
Woman's missing unemployment benefits may have gone to wrong bank account
Second body recovered miles from lift boat as Coast Guard continues search...
Southern Wins Third Straight Bayou Classic
White squad edges Purple in LSU Spring game
'We have a plan': Coach O quiet on how Title IX scandal...
Southeastern regains sole possession of first place in Southland standings with win...
Max Johnson in the mix for LSU starting quarterback job