A rare 24.78 carat The Graff Pink diamond has reputation of one of the greatest diamonds ever discovered. The majestic diamond mounted in a ring, display a royal look all expected to enter the list of top ten most expensive diamonds in the world. It became the most expensive single jewel ever discovered and classified as fancy intense pink, a high color rating for pink diamonds. This has been assessed as Diamond type IIa, placing it in the top 2% of the world's diamonds. However, the early history of the diamond is not clear.
In spite of its rarity, the diamond was unnamed for all this time. The diamond is emerald cut with rounded corners, and is mounted on a platinum ring with two flanking shield-shaped diamonds. The pre-sale estimate for the diamond was US $27 million to US $38 million and shown around the world prior to the auction in Geneva. It sold for US $46 million making it the most expensive single jewel ever sold at auction. It was bought by diamond dealer Laurence Graff, of Graff Diamonds, who named it Graff Pink. The Graff Pink simply, is one of the most desirable diamonds because it makes it so immensely rare is the combination of its exceptional color and purity with the classic emerald-cut and a style of cutting usually associated with white diamonds and one that is so highly sought-after when found in rare colors such as pink and blue.
The stone's character is gently softness and charm to this truly outstanding gemstone. However, he colored diamonds are the most sought-after jewels around the world, with blues, pinks and greens proving most popular.