Rare 14.83-carat purple-pink diamond could fetch up to $38M at auction

What a rock.

An exceptionally rare, 14.83-carat “fancy vivid purple-pink internally flawless” diamond is expected to fetch up to $38 million at a Sotheby’s auction next month, the auction house said Monday.

The oval-shaped gem, dubbed “The Spirit of the Rose” after Vaslav Nijinsky’s legendary ballet, “Le Spectre de la rose,” will go on the chopping block on Nov. 11 in Geneva.

“Its unparalleled qualities make it the largest Purple-Pink diamond to ever appear at auction,” Sotheby’s said of the classified Type IIa diamond.

The stone was unearthed by diamond producer Alrosa and was cut from the largest pink crystal ever mined in Russia. The diamond was extracted from the Ebelyakh deposit in the Republic of Sakha in the northeast of Russia in July 2017.

“The occurrence of pink diamonds in nature is extremely rare in any size. Only one percent of all pink diamonds are larger than 10-carats and only four percent of all pink diamonds are graded ‘Fancy Vivid’ and display a rich, vivid color,” said Gary Schuler, the worldwide chairman of Sotheby’s jewelry division.

Schuler added, “Having the opportunity to offer a large polished pink diamond of over 10-carats and with the richness of color and purity of The Spirit of the Rose is therefore truly exceptional.”

He called the gem “a natural wonder, steeped in Russia’s century-long diamond tradition and cultural heritage.”

Hong Kong Pink DiamondThe Spirit of the Rose is seen on display during a Sotheby's preview in Hong KongModel poses with "The Spirit of the Rose" during a Sotheby's preview in Hong KongHong Kong Pink Diamond

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