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 Princie Diamond: Rare Indian gem sells for $39m

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Princie Diamond: Rare Indian gem sells for $39m Vide
PostSubject: Princie Diamond: Rare Indian gem sells for $39m   Princie Diamond: Rare Indian gem sells for $39m Icon_minitimeTue Apr 16, 2013 8:35 pm
One of the largest pink diamonds in the world has been sold at auction for more than $39.3m (£25m).

Princie Diamond: Rare Indian gem sells for $39m 670378142694296d



The Princie Diamond was purchased by an anonymous collector bidding by phone, Christie's in New York said.

The 34.65 carat diamond's origin can be traced back to the ancient diamond mines of Golconda in southern India.

It once belonged to the royal family of Hyderabad, rulers of one of the wealthiest provinces of Mughal India.

"The Princie Diamond carries a fabulous provenance, which brings together the legendary names of Golconda, [the] Nizam of Hyderabad, and the Maharani Sita Devi of Baroda," said Christie's jewellery department head Rahul Kadakia before the sale.

"The most beautiful stones discovered in Golconda were always reserved for kings and rulers as they represented the highest power, which was then magically transferred to the owner.

http://www.bbc.co.uk/news/world-asia-india-22167514
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