Pink is not considered a manly colour but most pink diamonds have been owned by rich men. Pink diamonds are inarguably some of the rarest finds around the world. Even rarer are those that exceed 5 carats, or feature a vivid saturation of color.
The Graff diamond (aptly named after its current owner) is more than just an expensive gem, it’s a natural marvel that will be cherished for centuries.
It is currently in the hands of British billionaire Laurence ‘The King of Bling’ Graff, he bought the diamond at auction for a world breaking £29million in 2010.
Before this the diamond was owned by Harry Winston, a world-renowned York jeweler who has possessed a number of famous diamonds like the Briolette of India and the Hope Diamond. The diamond was kept in Winston’s private collection for more than 60 years.
Graff had sought after the diamond his entire life, as he explained at the auction he bought the diamond at:
I cannot exaggerate just how rare this stone is. This sale is one of the most exciting of my 35-year career. It is one of the most desirable diamonds ever to come to auction, and its beauty has haunted me since the very first time I set eyes on it some years ago.”
Graff is known for buying rare gems above market price and re-cutting them to improve their quality. When he bought the diamond he noted the stone had 25 natural flaws. Using cutting-edge technology, the company’s experts were able to eliminate those defects while keeping the diamond’s shape and symmetry intact.
“The risks involved were enormous,” states the Graff Diamonds website. “One wrong move and the diamond could shatter, sending fragments of the world’s most valuable pink diamond scattering across the workshop floor.”
It took two weeks of intensive work to refurbish an already jaw-dropping diamond. After this it was sent to the GIA for analysis, and the institute graded the Graff Pink as a 23.88 carat Internally Flawless Vivid Pink Diamond. And a testament to Graff’s mastery of his craft is the fact that only 1 carat was lost in the process, a difference in weight worth crating flawless gem.
How much is the Graff Pink Diamond worth currently?
This is impossible to say until Graff puts up the diamond for sale at auction and we can see how much buyers are willing to pay. But considering the gem has now gone up in quality we can assume buyers will be willing to pay more than the original £26 million.