April 18, 2013 Leave a comment
The Princie is a cushion-cut , 34.65 carat intense pink fancy diamond that originated from the a Golconda mines.The Princie Diamond possesses the most desirable qualities that today’s collectors seek in the jewel: large size, desirable shape, polish, exceptional colour, quality, Golconda origins and a noble history.It was first recorded in the holdings of the royal family of Hyderabad.
It was first offered in an auction in 1960 as “The Property of a Gentleman” — later revealed to be the Nizam of Hyderabad himself. The diamond was purchased by the London branch of Van Cleef and Arpels for £46,000 that corresponds to $1.3 million today.
The diamond’s unique name was bestowed at a party at the firm’s Paris store, where it was christened the “Princie” in honor of a 14-year-old former prince of Baroda, who attended the party with his mother, the erstwhile Maharani Sita Devi
It has been sold last Tuesday,in NYC ,at auction by Christie’s for $39,323,750 to an anonymous collector who bid on phone.
Do the math.There are tremendous investment opportunities in unique diamonds.