Ultra-rare pink diamond comes to Dubai

An ultra-rare pink Arare diamond worth about US$ 35 million is set to hit Dubai on a world tour. It will go under the hammer at the end of 2023, but before then it will be presented to the public in Dubai, Singapore, Shanghai, Taiwan and Geneva, according to Sotheby’s.

The flawless 10.57-carat cushion-cut fancy bright magenta pink diamond is the most expensive pink diamond ever to hit the market. It was mined by De Beers at the Damtshaa mine in Botswana.

The rough weighs 23.78 carats and was cut and polished for six months by Diacore’s team of craftsmen. The ultra-rare diamond is scheduled to be on display in Dubai from May 22 to 26.

It’s worth mentioning that Dubai has direct flights to other diamond centres around the world, including mining countries in Africa, traders in Israel and manufacturing centres in India.

Furthermore, Dubai hosts two offices of the Kimberley Process in the UAE, making it the only entry point for rough diamonds in the country.

The Dubai Diamond Exchange is the world’s largest diamond trading venue and home to over 1,150 diamond companies, providing members and industry professionals with state-of-the-art infrastructure, tools and services to trade with confidence.

Source: Arabian Business

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