Purplish pink diamond set for millions at auction

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Sotheby’s in New York is bringing to auction a 10.57-carat purplish-pink diamond that it says may break the sales record for such gemstones.

Officially, Sotheby’s estimates the diamond, Eternal Pink, will sell for over $35 million in June. Still, experts at the auction house say they won’t be surprised if it breaks the record set by another pink diamond, the Williamson Pink Star diamond, which sold for $57.7 million last year.

Miners discovered the purplish-pink diamond in 2019 at the Damtshaa Diamond Mine in Botswana.

Even though diamonds can now be created in labs, naturally occurring diamonds still sell for millions of dollars.