On April 16th, the largest fancy intense pink Golconda diamond ever offered at auction will be highlighted at Christie’s Magnificent Jewels sale in New York.
The Princie Diamond, a 34.65 carat cushion cut gem has origins dating back to the royal family of Hyderabad, rulers of one of the most affluent provinces of the Mughal Empire. Its unique name was initially bestowed in Paris where it was christened as “Princie” honoring the young Prince of Baroda.
“One of the largest and finest pink diamonds in the world, The Princie Diamond carries a fabulous provenance, which brings together the legendary names of Golconda, Nizam of Hyderabad, and the Maharani Sita Devi of Baroda.“, said François Curiel, Chairman of Christie’s Jewelry Department. “This rich history, combined with its rare pink hue, conveys a special charm, which will speak to all collectors in the world seeking the best of the best in gemstones.”, he added.
The Gemological Institute of America (GIA) has graded the stone as fancy intense pink, natural color, VS2 clarity and is said to be a type IIA diamond. This marks the second time in 50 years the remarkable stone has appeared at auction, and estimates expect it to fetch $30 to $40 million. The Princie Diamond is among numerous renowned diamonds excavated from the Golconda mines that have broken world records at auction in recent years. Others include the Archduke Joeseph Diamond, the Wittelsbach Diamond and the Beau Sancy Diamond.