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PERHAPS NO GREATER PHENOMENON HAS ELECTRIFIED THE GLOBAL JEWELRY MARKET IN THE PAST FEW YEARS THAN THE SKYROCKETING PRICES ACHIEVED FOR LARGE PINK DIAMONDS AT AUCTION. IN THE LAST 15 MONTHS, FOUR PINK DIAMONDS HAVE FETCHED MORE THAN 41 MILLION PER CARAT AT AUCTION, CHRISTIE'S LEADING THE WAY WITH THE VIVID PINK, A 5 CARAT CUSHION-CUT DIAMOND THAT SOLD FOR MORE THAN $2.1 MILLION PER CARAT AT CHRISTIE'S HONG KONG IN DECEMBER 2009, A RECORD PRICE PER CARAT FOR ANY DIAMOND SOLD AT AUCTION. NOW, CHRISTIE'S IS PLEASED TO ANNOUNCE IT WILL OFFER A 10.09 CARAT FANCY VIVID PURPLISH-PINK DIAMOND AS THE HIGHLIGHT OF ITS 12.APRIL MAGNIFICENT JEWELS SALE IN NEW YORK. THE EXCEPTIONAL DIAMOND, WITH ITS HIGHLY DESIRABLE CUSHION CUT, IS ESTIMATED AT $12-15 MILLION. 'COLLECTOR DEMAND FOR LARGE COLOURED DIAMONDS HAS NEVER BEEN STRONGER, ESPECIALLY WHERE PINK DIAMONDS OF THIS SIZE AND QUALITY ARE CONCERNED. FEWER THAN 10% OF ALL PINK DIAMONDS MINED WEIGH MORE THAN 0.20 CARATS, AND EVEN FEWER EXHIBIT THE EXCEPTIONAL COLOUR SATURATION AND BRILLIANCE OF THIS EXCEPTIONAL GEM. IN ALL MY YEARS AT CHRISTIE'S, I HAVE NEVER SEEN SUCH A VIVID COLOUR IN A STONE OF THIS SIZE', SAID RAHUL KADAKIA, HEAD OF JEWELRY AT CHRISTIE'S NEW YORK. 'AT CHRISTIE'S NEW YORK THIS PAST DECEMBER, JEWELRY COLLECTORS COMPETED FOR A 6.89 CARAT FANCY VIVID PURPLISH-PINK DIAMOND, WHICH ULTIMATELY SOLD FOR $6.9 MILLION OF $1 MILLION PER CARAT. THIS LARGER STONE, WITH ITS RICHER, DEEPER HUE OF PINK AND ELECTRIFYING PURPLE TONE IS POSITIONED TO BECOME ONE OF THIS SEASON'S TOP SELLING DIAMONDS.'
