Pink Diamond, 10-Carat Gem, Goes Unsold at Christie’s Auction (PHOTO)

Pink diamond: A pink-purple 10-carat diamond estimated to be worth $15 million went unsold at Christie’s auction house in New York on Tuesday.
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Pink Diamond, 10-Carat Gem, Goes Unsold at Christie’s Auction (PHOTO)
The 10-carat pink-purple diamond worth an estimated $15 million that went unsold at a Christie's auction on Tuesday. (Courtesy of Christie's)
4/13/2011
Updated:
10/1/2015
<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/10.09_ct_purp-pink_NY.jpg" alt="The 10-carat pink-purple diamond worth an estimated $15 million that went unsold at a Christie's auction on Tuesday. (Courtesy of Christie's)" title="The 10-carat pink-purple diamond worth an estimated $15 million that went unsold at a Christie's auction on Tuesday. (Courtesy of Christie's)" width="320" class="size-medium wp-image-1805599"/></a>
The 10-carat pink-purple diamond worth an estimated $15 million that went unsold at a Christie's auction on Tuesday. (Courtesy of Christie's)

A pink-purple 10-carat diamond estimated to be worth $15 million went unsold at Christie’s auction house in New York on Tuesday.

“While we were disappointed that the 10-carat purple-pink diamond did not find a buyer, top-quality white, blue, pink and yellow diamonds fared very well” at the New York Magnificent Jewels auction, Christie’s Americas Head of Jewelry Rahul Kadakia said in a press statement.

The pink diamond was supposed to be the highlight of the auction, as large pink diamonds are unusually rare and command a high price. Prices of pink diamonds have gone through the roof in recent years, and only one in 10 of pink diamonds mined is larger than two-tenths of a carat, according to Reuters.

Christie’s auctioned off 224 lots and brought in nearly $32 million for the many colorful and clear gems.

A Fancy Vivid blue diamond sold for $3.7 million, or more than $1 million per carat.

“In all, five top jewels exceeded the US$1 million mark, with heavy competition among both trade buyers and private collectors for colorless diamonds, large gemstones, and signed jewels,” Kadakia added.