Pink Diamond Sells for $39.3M
Rare gem goes for second-highest price ever for a jewel
By Newser Editors and Wire Services
Posted Apr 17, 2013 5:52 PM CDT
This undated photo provided by Christie's shows a rare pink diamond, nicknamed the Princie Diamond, which has sold for $39.3 million at auction.   (AP Photo/Christie's)

(Newser) – A rare pink diamond once owned by Indian royalty has sold for $39.3 million at auction in New York City. The price for the 34.65-carat diamond that sold at Christie's yesterday was the second-highest ever for a jewel sold at auction. The seller and buyer were anonymous. The gem nicknamed the Princie Diamond was discovered 300 years ago in the Golconda mines in India.

It once belonged to the Nizam of Hyderabad, an Indian prince. In 1960, the diamond was purchased at auction by the London branch of the jeweler Van Cleef & Arpels. Its name was bestowed at a party at the firm's Paris store. It was called "Princie" in honor of the 14-year-old prince of Baroda, who attended the party with his mother, Maharani Sita Devi.

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Oct 10, 2013 1:17 AM CDT
mine at last!!!!!!!
Jul 22, 2013 6:19 AM CDT
Diamond is looking so Attractive and Magnificent. Ring prepared by this diamond would look like a Princess cut diamond engagement ring which would be perfect of a Wedding or Engagement Occasion.
May 17, 2013 12:33 PM CDT
"Colored diamonds contain interstitial impurities or structural defects that cause the coloration, whilst pure diamonds are perfectly transparent and colorless." Excerpts- "Diamonds that are of the very highest purity are totally colorless, and appear a bright white." "Type IIa diamond can be colored pink, red, or brown due to structural anomalies arising through plastic deformation during crystal growth" "Pink diamonds fetched higher prices after Jennifer Lopez received a pink diamond engagement ring"