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Sotheby’s to Auction 31.68-Carat ‘Desert Rose’ Diamond in Abu Dhabi with Estimate Up to $7 Million

The Fancy Vivid Orangy-Pink diamond, the largest of its kind ever certified by GIA, will headline Sotheby’s inaugural Collectors’ Week on December 5.

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Sotheby’s has unveiled the 31.68-carat ‘Desert Rose’ diamond as the star lot of its upcoming Abu Dhabi jewellery auction, assigning the rare gemstone a presale estimate of $5 million to $7 million. The sale will take place on December 5, 2025, during the auction house’s inaugural Collectors’ Week, a new event bringing together luxury categories including jewellery, watches, automobiles and design.

Graded by the Gemological Institute of America (GIA) as a Fancy Vivid Orangy Pink with VVS1 clarity, the pear-shaped Desert Rose holds the distinction of being the largest diamond of its classification ever recorded by GIA. Its combination of size, intense colour saturation and exceptional clarity has positioned it among the most important pink diamonds to appear at auction in recent years.

Sotheby’s noted that the valuation reflects continued global appetite for top-quality coloured diamonds, a segment that has shown resilience despite broader softening in the white diamond market. Large natural pink diamonds, especially vivid stones above 30 carats, remain exceptionally scarce and highly sought after by collectors.

Industry observers point out that the sale highlights the UAE’s rising profile as a hub for high-value gemstones and luxury collecting. International auction houses have increasingly expanded into Abu Dhabi and Dubai over the past five years, driven by demand from private collectors, family offices and regional wealth centres.

The performance of the Desert Rose diamond is expected to set a benchmark for the coloured-diamond market heading into 2026, offering insight into buyer sentiment for ultra-rare natural stones.

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DiamondBuzz

Diamond Slump forces Debswana to diversify into copper, platinum and solar

Diamond-centric mining models is giving way to broader resource portfolios

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Debswana Diamond Company, the 50–50 joint venture between the Botswana government and De Beers, is moving to diversify into copper, platinum and renewable energy as the prolonged downturn in natural diamond demand pressures earnings and forces the industry to rethink its growth strategy.

The company’s board has approved plans to invest in a portfolio of non-diamond projects after revenue fell 46% in 2024, the latest available financial year, highlighting the scale of the downturn in the global diamond market.

The move signals a strategic shift toward commodities with stronger long-term demand fundamentals, particularly copper, which is central to global electrification and energy-transition infrastructure.

Debswana’s diversification reflects a broader industry pivot as diamond producers confront weak consumer demand, rising competition from lab-grown stones and elevated inventories across the supply chain.

The shift is also visible among smaller exploration companies. Botswana Diamonds recently rebranded as Botswana Minerals, signalling its own strategic focus on copper exploration rather than diamonds.

Together, these moves underscore a growing consensus across the sector: the era of diamond-centric mining models is giving way to broader resource portfolios anchored in energy-transition metals.

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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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