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The Fancy Intense Pink diamond weighs 10.99 carats

A rare pink diamond was bought by Lev Leviev for $10.8 million at a Sotheby's auction in Geneva Tuesday, marking the third-highest auction price ever paid for a pink diamond.

 

The 10.99-carat emerald-cut stone is classed as a Type IIa diamond and carries a color grade of Fancy Intense Pink.

 

The diamond, set in a platinum ring, had been part of a private collection and had not appeared on the market in over 30 years.

 

An historic tiara set with over 500 carats of Colombian pear-shaped emeralds, originally commissioned at the beginning of the 20th century for Countess Katharina von Henckel, sold for $12.8 million – making it the most expensive tiara ever brought under the hammer.

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A magnificent and extremely rare emerald and diamond tiara, circa 1900, formerly in the Collection of Countess Katharina von Henckel

In total, the Sotheby's sale realized over $89.5 million, with 90% of the 491 lots sold.