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Rare, pink diamond nets $39 million at Christie's auction

By Catholic Online (NEWS CONSORTIUM)
April 19th, 2013
Catholic Online (www.catholic.org)

An anonymous buyer at Christie's paid $39.3 million for a rare pink diamond once owned by Indian royalty. In a photo provided by Christie's, the rare pink diamond, nicknamed "the Princie Diamond," was sold for $39.3 million at auction in New York City.

LOS ANGELES, CA (Catholic Online) - The price for the 34.65-carat diamond was sold earlier this week to an anonymous buyer. The sale was the second-highest ever for a jewel sold at auction.

Both the seller and buyer were anonymous.

Discovered 300 years ago in the Golconda mines in India, it once belonged to the Nizam of Hyderabad, an Indian prince. The diamond was purchased at auction by the London branch of the jeweler Van Cleef & Arpels in 1960.

Its sobriquet 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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