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Rare Pink Diamond Ring Expected to Fetch $9M at Phillips Geneva Auction

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A rare fancy vivid purplish-pink diamond ring is expected to lead Phillips’ Geneva Jewels Auction: V on November 10, with an estimated value of around $9 million, the auction house announced last week.

The centerpiece of the ring is a 6.95-carat, VVS2-clarity, type IIa pink diamond, flanked by two triangular white diamonds. Its vivid color and exceptional clarity place it among the most coveted stones in the world of high jewelry.

The Geneva auction will also feature a selection of prestigious pieces, including jewels from the Vanderbilt family collection, and signature creations by top luxury houses such as Van Cleef & Arpels, Cartier, Bulgari, and Graff.

Ahead of the sale, Phillips will tour highlights from the collection across major cities including New York, Singapore, Taipei, and London, before presenting the full auction in Geneva.

This ring features a step-cut, 18.09-carat Kashmir sapphire with diamond shoulders. It has an upper estimate of CHF 2.2 million ($2.8 million).

A pair of earrings consisting of brilliant-cut, D-color, VVS1-clarity diamond studs weighing 8.28 and 8 carats will go on the block for up to CHF 680,000 ($850,000).

Phillips will offer this ring, bearing an old-cut, 10.08-carat, light-brown-pink, type IIa Golconda diamond. It’s expected to fetch up to CHF 520,000 ($650,000).

Schlumberger created this necklace in the 1950s. The piece, which includes diamonds, rubies, and sapphires, has a high price of CHF 400,000 ($500,000).

A pair of Graff earrings with octagonal step-cut, fancy-yellow diamond center stones weighing 21.38 and 20.33 carats surrounded by diamonds is estimated at up to CHF 400,000 ($500,000).

This diamond sautoir that Van Cleef & Arpels made in the 1920s has a step-cut diamond weighing 10.79 carats. The lot carries an upper price of CHF 400,000 ($500,000).

A ring with a 4.95-carat Burmese ruby and diamonds has a top estimate of CHF 320,000 ($400,000).

A convertible piece, this lot can be worn as a tiara or a necklace. Created in the second half of the 19th century, it has sapphires and diamonds, and carries a high estimate of CHF 320,000 ($400,000).

Bearing a 20.08-carat Paraiba tourmaline center stone in a diamond surround, this ring is anticipated to go for up to CHF 280,000 ($350,000). 

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DiamondBuzz

Ghana to Chair Kimberley Process in 2027

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Ghana, represented by the Ghana Gold Board (GoldBod), has been appointed Vice Chair of the Kimberley Process (KP) for 2026 and is set to assume the Chairmanship in 2027. This landmark appointment, announced at the 2025 Kimberley Process Plenary in Dubai, marks the first time a West African nation will lead the global diamond certification initiative since its inception in 2003.

Despite being one of the world’s smaller diamond producers, Ghana’s strong commitment to responsible mineral governance, transparency reforms, and technical expertise in gold and diamond management garnered widespread confidence among KP members. The appointment followed intense deliberations among governments, industry stakeholders, and civil society, underscoring Ghana’s readiness to steer the KP’s efforts in combating conflict diamonds and enhancing sustainable practices worldwide.

As Chair, Ghana will oversee the implementation of the Kimberley Process Certification Scheme (KPCS), coordinate working groups and committees, and guide policy decisions to ensure the integrity of the global diamond supply chain. Ghana Gold Board CEO Sammy Gyamfi emphasized that this esteemed role entails a significant responsibility to lead with excellence, transparency, and innovation.

The UAE, the current custodian Chair in 2025, continues to maintain leadership continuity, while the position of Chair for 2026 remains unfilled. Ghana’s leadership signals a new chapter for the KP, strengthening West Africa’s role in global diamond governance and sustainable industry practices.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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