Sotheby's has announced the auction of the ultra rare, 10.57 Carats Pink Diamond, which is expected to sell for over $35 million. The diamond, dubbed “Eternal Pink,” is a one-of-a-kind gemstone that hit the auction block just four years after South African company De Beers discovered the stone in its Botswana mines. According to Sotheby, the stone has a “purple-pink” color, which makes it clear it makes the most valuable diamond of its shade to appear at auction. Of course, the price of the diamond is very dependent on the four "Cs" - carat, cut, color and clarity. They said that what exists can only be seen under extremely close magnification. The color received the highest rating, called "fancy vivid" and was achieved by only 4% of pink diamonds. In a statement, Sotheby's Head of Jewelry of Americas said, "This color is the most beautiful and concentrated shade of pink in diamonds I've ever seen or released. The immense presence and great rarity of Eternal Pink can be compared to the ultimate masterpieces of art, far rarer than a Magritte or Warhol. makes it. The eternal pink was originally cut from a rough diamond discovered in 2019. It was originally 23.87 carats and was twice as heavy as now. It took six months to transform the stone into its current form. In recent years, pink diamonds have gained in value due to a drop in supply resulting from the 2020 closure of Australia's Argyle mine, which previously produced the majority of the world's pink diamonds. The stone will be unveiled in Hong Kong this weekend and will be showcased in several other cities such as Dubai, Singapore and Geneva before heading back to New York for the June sale. Currently, the auction record for a pink diamond or a polished diamond in any color is 2017 It is held by a 59.6-carat stone sold by Sotheby's in Hong Kong for 71.2 million USD in year 2017. It was purchased by Hong Kong Jewelers Chow Tai Fook and named “CTF Pink Star”. The 11.15-carat pink diamond named “Williamson Pink Star” was last It set a record for the highest auction price per carat, selling for $58 million that year. In case you missed it, Seth Rogen's Houseplant reveals the "Jawbreaker" All-In-One Rolling tray. Gotopnews.com