Dough for Diamonds….The ‘Princie’ Pink Diamond Sells for Nearly $40 Million

April 24, 2013 § Leave a comment

Most Expensive Diamond Ever Sold at Auction Sells for $39.3 Million!

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The coveted stone that sold at an auction by Christie’s, weighs a sizeable 34.65 carats and bears what specialists would call a cushion cut stone.  Diamonds, which are highly cherished amongst jewelry collectors, are even more sought out when there is a story attached to the precious gem…

The gem, once owned by the royal family of Hyderabad, was discovered 300 years ago in the ancient Golconda mines in South Central India. The jewel was eventually passed down to Nizam of Hyderabad, who was named the world’s richest man by Time magazine in 1937.  The then Nizam of Hyderabad had it auctioned in 1960 at Sotheby’s.  It was bought by the London branch of the jewelers Van Cleef & Arpels for 46,000 British pounds.  It was then sent to their Paris store where it was christened “Princie” by Pierre Arpels in honor of the fourteen-year old son of Sita Devi, the Maharanee of Baroda, Sayajirao Gaekwad (1945-1985).  The diamond had not gone to auction or been seen in public since 1960.

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Speaking of Diamonds….

We are loving the modern twist that we’ve used to incorporate a story stemmed from years ago, with none other than DIAMONDS.  We think ‘Princie’ would love a girl in these dazzling diamond earrings;

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