Sotheby’s Withdraws 10ct. Pink Diamond from Geneva Auction

Sotheby’s pulled a 10.08-carat pink diamond from last week’s High Jewelry auction in Geneva, having estimated the piece at around $20 million, the company confirmed.

The Glowing Rose — a cushion brilliant-cut, fancy-vivid-pink diamond mounted in a ring — was poised to be the headline item at the sale in Switzerland on November 12 but never went under the hammer. Sotheby’s did not specify why.

“The Glowing Rose is an absolutely beautiful pink diamond, and it has been a privilege to present it to collectors and connoisseurs in recent weeks,” a Sotheby’s spokesperson told Rapaport News on Tuesday. “However, following discussions with the consignor, the lot was withdrawn prior to the sale.”

The stone was only the third cushion-cut diamond with vivid-pink color to come to auction in the past 10 years, according to Sotheby’s. It appeared in Singapore and Taipei, Taiwan, last month in a presentation mount that British jeweler Boodles designed.

The High Jewelry sale brought in CHF 29.8 million ($37 million), with an oval-mixed-cut, 4.50-carat, fancy-vivid-blue, internally flawless diamond grossing CHF 4.8 million ($6 million). It ran alongside the same auction house’s Royal & Noble Jewels sale in Geneva.

Image: The Glowing Rose. (Sotheby’s)