Super rare, purple-pink diamond up for auction, could fetch $38 million

Super rare, purple-pink diamond up for auction, could fetch $38 million
Mined by Russian diamond producer Alrosa, the 14.83-carat diamond was cut from the largest pink crystal ever found in Russia. (AP)
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Updated 12 October 2020

Super rare, purple-pink diamond up for auction, could fetch $38 million

Super rare, purple-pink diamond up for auction, could fetch $38 million
  • The oval gem is named after a Russian ballet ‘The Spirit of the Rose’
  • Pink diamonds are both rare and aesthetically highly prized by collectors

HONG KONG: An extremely rare, vivid purple-pink diamond mined in Russia is expected to fetch up to $38 million when it goes under the hammer on Nov. 11, the auction house Sotheby’s said on Monday.
The oval gem, which is named after a Russian ballet ‘The Spirit of the Rose’, is the largest of its kind to be offered at auction. The trend for colored stones has increased as an asset class by the super-rich in recent years.
Mined by Russian diamond producer Alrosa, the 14.83-carat diamond was cut from the largest pink crystal ever found in Russia, Sotheby’s said.
“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,” said Gary Schuler, worldwide chairman of Sotheby’s jewelry division.
Naturally colored diamonds occur because they possess a particular lattice structure that refracts light to produce colored, rather than white, stones.
Pink diamonds are both rare and aesthetically highly prized by collectors, analysts say.
The gem is being shown in Hong Kong, Singapore and Taipei before being auctioned in Geneva on Nov. 11.


Algerian Sahara desert town dusted with snow

Algerian Sahara desert town dusted with snow
Updated 30 min 1 sec ago

Algerian Sahara desert town dusted with snow

Algerian Sahara desert town dusted with snow

CAIRO: Temperatures have fallen in the Sahara desert to as low as -3C, leaving sand dunes in one Algerian town dusted with snow. 
This drop in temperature allowed the town of Ain Sefra to experience snow for only the fourth time in 42 years. The other three times were in 1979, 2017, and 2018. In 2017, a blizzard dumped snow up to a meter deep in Ain Sefra.
Photographer Karim Bouchetata posted dramatic images and video of the unique weather in the remote town.
Ain Sefra is located in the Atlas Mountains, 1,000 meters above sea level and is known as “the gateway to the desert.” 
It lies in the Naama province of Algeria in the northern part of the Sahara, near to the Moroccan border.