“Pink Legacy” Diamond Sells for Record $50 Million at Auction

The diamond sold in Geneva, Switzerland.

The Pink Legacy, a 18.96 carat fancy vivid pink diamond, is displayed on November 8, 2018 during a press preview ahead of sales by Christie's auction house in Geneva. (Fabrice COFFRINI / AFP)
AFP/Getty Images

An “exceptionally large” pink diamond broke records at a Christie’s auction on Tuesday in Geneva.

In just about five minutes of bidding, the 18.96-carat Pink Legacy became the price-per-carat record holder when American luxury jewelry brand Harry Winston bought it for $50 million, CNN reported.

“You have to acknowledge first that the Pink Legacy diamond was a very special diamond,” Christie’s international head of jewelry, Rahul Kadakia, said. “It is one of the best and finest examples of pink diamonds at this size and color and it proved it with a new world record price per carat.”

The Pink Legacy — which will be renamed the Winston Pink Legacy — is categorized as a “Fancy Vivid” diamond; a rating only 1 in 100,000 diamonds receives.

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