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HONG KONG – An astronomic oval-shaped design called the “Pink Promise” is set to be auctioned at Christie’s in Hong Kong, with an eye-watering US$42-million (R594-million) amount tag.

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A 14.93-carat blush gemstone forms the centre-piece of the diamond-studded ring.

READ: World’s better uncut design awash for whopping price

A Christie’s agent said it was one of the best important blush chunk anytime to be awash because of its colour and clarity.

“The aberration of blush design makes it so valuable,” Fung Chiang of Christie’s jewellery administration told AFP.

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“For design assembly every year, we are talking about beneath than two percent (for) coloured diamonds,” Chiang said, abacus that not every allotment shares the aforementioned “beautiful” colour.

READ: Diamond earrings back almanac $57.4-million at Swiss auction

Researchers still do not absolutely accept the “exact structural defect” that causes the ambrosial blush hues, the bargain abode added in a account Wednesday.

The arena will go beneath the bang on November 28 in Hong Kong.

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An advancing anti-corruption drive in acreage China has done little to cavity feverish behest in Hong Kong’s bargain houses.

A 1,000-year-old basin from China’s Song Dynasty awash at bargain abode Sotheby’s to an bearding applicant for $37.7-million in the burghal aftermost month, breaking the almanac for Chinese ceramics.

The baby allotment –- which dates from 960-1127 –- blanket the antecedent almanac of $36.05-million set in 2014 for a Ming Dynasty wine cup which was airtight up by a Shanghai administrator acclaimed for authoritative eye-watering bids.

Earlier this year, a behemothic design called the “Pink Star” bankrupt the apple almanac for a gemstone awash at bargain back it fetched $71.2-million at Sotheby’s.

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The 59.60-carat bedrock was awash to the city’s Chow Tai Fook jewellery alternation which has a able attendance beyond East Asia.

Hong Kong administrator Joseph Lau, who was bedevilled of bribery in Macau in 2015, fabricated after-effects that year back he spent $48.4-million on a 12.03-carat design for his then-seven-year-old babe at Sotheby’s in Geneva.

The acquirement came a day afterwards he biconcave up a 16.08-carat blush design for a analogously bashful $28.5-million at Christie’s.

AFP

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