Rare Pink Diamond Expected to Fetch $35 Million at Auction

The Eternal Pink Diamond, a 10.57-carat diamond categorized as "Fancy Vivid Purplish Pink," is expected to fetch more than $35 million at Sotheby's Magnificent Jewels auction on June 8 in New York. The diamond is internally flawless and is considered one of the rarest diamonds in the world, with a color that is "the most beautiful and concentrated shade of pink in diamonds that I have ever seen," according to Sotheby's. The diamond's estimated price per carat is $3.3 million, the highest price per carat of any diamond or gem prior to its sale, giving it a chance to challenge the current price-per-carat record.