WKYT | Lexington, Kentucky | News

Rare pink diamond sells for $39M at NYC auction

Photo credit: Wikimedia

Photo credit: Wikimedia

NEW YORK (AP) - 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 on Tuesday 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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 203469561