Pink diamond sells for nearly $40 million

pink Diamond so wow

The Cotton Boll Conspiracy

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What the 34.65-carat pink diamond known as “Princie” lacks in elegant nomenclature it makes up for with decidedly upscale value.

The diamond, first discovered about 300 years ago in the Golconda mines in southern India, was auctioned by Chrisitie’s in New York for $39.3 million earlier this month.

The diamond drew just two bidders, with action starting at $20 million and continuing for only two minutes, according to Bloomberg.

The winning bid came from Francois Curiel, international head of jewelry at Christie’s and president of Christie’s Asia, bidding on behalf of an anonymous client.

“The gem is considered one of the four most celebrated pink diamonds in the world,” according to Bloomberg. “It was first recorded in the holdings of the Nizam, or monarch, of Hyderabad, India, according to Christie’s.”

It was last sold in 1960, for nearly $71,000 during a London auction.

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