According to Sotheby’s, a “flawless” 10.57-carat diamond from Botswana, worth $35 million is set to go on auction. “It is valued at about $3.3 million per carat, which is more than $35 million. It is the highest estimated value per carat for any gemstone on the market,” Sotheby’s head of jewelry sales Alexander Eblen told Agence France-Presse (AFP), unable to hide his excitement.

The Eternal Pink diamond is expected to sell for over $35 million when it hits auction in June, according to Sotheby’s.

Experts said the 10.57 carat jewel could also break the record set by another pink diamond, which sold for $57.7 million last year.https://t.co/IVX9u93nuB pic.twitter.com/Cr7njHEmrY

— The Associated Press (@AP) March 29, 2023

Sotheby’s presentation notes that the “Eternal Pink” diamond (as it is called) is “rare than a Rene Magritte or Andy Warhol painting” due to its clarity.

The Eternal Pink diamond is expected to sell for over $35 million when it hits auction in June, according to Sotheby’s.

Experts said the 10.57 carat jewel could also break the record set by another pink diamond, which sold for $57.7 million last year.https://t.co/IVX9u93nuB pic.twitter.com/Cr7njHEmrY

— The Associated Press (@AP) March 29, 2023

The auction record for a pink diamond is $71.2 million, which was offered by a collector in 2017 in Hong Kong. The second highest sale price was recorded in 2022, also at an auction in Hong Kong: $57.7 million.