DiamondBuzz
Rare Pink Diamond Ring Expected to Fetch $9M at Phillips Geneva Auction
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).
DiamondBuzz
Botswana Looks Beyond Rough Diamond Sales, Eyes U.S. Jewelry Market
The Duty Exemption By US Presents An Opportunity For Domestic Jewelry Manufacturers In Gaborone To Bypass Traditional Middle-Market Hubs and Establish A Direct Pipeline To American Consumers
Grappling with a painful downturn in global rough-diamond demand, Botswana is pivoting its economic strategy: expanding up the supply chain directly into American retail shelves while leveraging its resource wealth to fund conservation and diversification.
Speaking on the sidelines of New York Climate Week, Bogolo Joy Kenewendo, Botswana’s Minister of Minerals and Energy, highlighted the southern African nation’s plan to capitalize on a 0% import-tariff rate to the U.S. market. The duty exemption presents an opportunity for domestic jewelry manufacturers in Gaborone to bypass traditional middle-market hubs and establish a direct pipeline to American consumers.
shift The push into value-added manufacturing comes as the world’s top diamond producer by value navigates a broader structural Diamond revenues have long formed the bedrock of Botswana’s post-independence balance sheet, underwriting universal secondary education and tuition-free university funding. However, recent market volatility has underscored the vulnerabilities of a mono-sectoral economy.
Under the Botswana Economic Transformation Programme (BETP)—an initiative spearheaded directly by President Duma Boko and his vice president—the government is directing resources toward manufacturing, agriculture, and broader mining sectors to reduce its heavy reliance on rough diamond sales.
To support its luxury exports, Botswana is recalibrating its brand narrative around origin, environmental stewardship, and social impact. The country recently announced a five-year extension of the “Okavango Eternal” partnership alongside De Beers Group and the National Geographic Society. The initiative aims to protect the ecological integrity of the Okavango River Basin while tying diamond purchases to conservation efforts.
With De Beers currently facing an impending ownership change, officials remain optimistic that any capital restructuring could bring additional funds into Botswana to accelerate its domestic economic transition.
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