Rare Indian Princie Diamond sold for $39m at NYC auction

London, Apr 17 (ANI): One of the largest pink diamonds in the world has fetched more than 39.3 million dollars at an auction in New York.

The Princie Diamond was purchased by an anonymous collector bidding by phone, auctioneer Christie's said.

The 34.65 carat diamond's origin can be traced back to the ancient diamond mines of Golconda in southern India, the BBC reported.

It once belonged to the royal family of Hyderabad, rulers of one of the wealthiest provinces of Mughal India.

"The Princie Diamond carries a fabulous provenance, which brings together the legendary names of Golconda, [the] Nizam of Hyderabad, and the Maharani Sita Devi of Baroda," Christie's jewellery department head Rahul Kadakia said before the sale.

The diamond was once owned by the Nizam of Hyderabad, who was proclaimed the richest man in the world by Time magazine in 1937.

It had not seen in public since 1960 when Sotheby's sold it as the "property of a gentleman".

All four of the world's top pink diamonds have been found at Golconda, Christie's said.

The area has the earliest known diamond mines in the world, producing the stones as early as 800BC.

In 2010 a diamond known as the Graff pink was sold in Geneva by Sotheby's for 44 million dollars.

At the time it was believed to be the most expensive gemstone bought at auction in history.

The two largest pink diamonds - the Darya-I Nur, weighing 175 to 195 carats, and the Nur ul-Ain, weighing about 60 carats - originally formed part of the Iranian Crown Jewels.

Experts say it has since been determined that they were cut from a single pink diamond weighing 242 carats. (ANI)

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.

Matches