Sotheby is all set to auction a rare pink diamond next month. And the  auctioneers at Sotheby are hoping that the diamond would fetch  something in the range of $27-$38 million. However it remains to be seen  if their expectation is met or not.
Currently the diamond is  owned by a private collector who wants to sell it through the auction  house. It is said to be 24.78 carats and has a ‘fancy intense pink’  color, which is very rare in the world of diamonds. It is cut in the  classic emerald style and is said to have gently rounded corners. The  diamond experts say that the diamond has a flaw in it, but it is so  small that it won’t at all be seen by naked eyes. They suspect that due  to the wear and tear the flaw came into the diamond. However they are  also quick to add that if the diamond gets polished again then there are  good chances that the flaw might be taken care of and the diamond can  also be classified as flawless.
“We’re able to say it’s been in  the possession of the same owner for 60 years but beyond that we’re not  able to reveal more,” according to Sotheby’s spokesman Matthew Weigman.  Prior to the current owner, the stone was sold almost 6 decades ago by  New York based jeweler Harry Winston.

