Watch | Rare vivid pink diamond expected to fetch millions at auction

A rare, pear-shaped, vivid pink diamond will go under the hammer next month, where auctioneers expect it to fetch some $38 million (INR 253 crores). The “Unique Pink”, described by Sotheby's as “supremely rare and exceptional”, weighs 15.38 carats. The discovery of gem-quality pink diamonds is rare, according to Sotheby's, which will auction this one as part of its “Magnificent Jewels and Noble Jewels” sale in Geneva on May 17. Earlier this week, a 10.10 carat oval, internally flawless, fancy vivid blue diamond sold for $31.8 million at an auction held by Sotheby's in Hong Kong.