18-Carat Pink Diamond Reaps $28.8 Million at Geneva Auction

18-Carat Pink Diamond Reaps $28.8 Million at Geneva Auction
A Christie's employee displays a pink diamond called "The Fortune Pink" of 18,18 carat during a preview at Christie's in Geneva on Nov. 2, 2022. Martial Trezzini/Keystone via AP
The Associated Press
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GENEVA—A pear-shaped 18-carat pink diamond billed as a rarity sold at a Geneva auction for 28.4 million Swiss francs ($28.8 million), including fees and taxes, on the lower end of the expected range.

The “Fortune Pink” fancy vivid pink stone, said to be the largest of its kind and shape to go on the block, headlined Christie’s latest Geneva sale of jewelry. It had been expected to fetch between $25 million and $35 million.