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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

Natural Diamond Market Defies Demand-Supply Dynamics As Prices Continue To Fall

The Diamond Market Continues To Defy Basic Supply-and-Demand Dynamics, Weighed Down By Structural Shifts In Consumer Behavior and Persistent Macroeconomic Pressures.

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According to figures from the Kimberley Process, global rough diamond production fell 8% in 2025 to 98.8 million carats, down from 107.9 million carats in 2024. The output marks a significant milestone in the ongoing contraction of the natural diamond mining sector, placing global supply approximately one-third lower than its 2017 high.

De Beers, the world’s premier diamond mining company by value, underscored the depth of the slump in its recent financial disclosures. The industry giant reported that its average realized rough diamond price plummeted 32% in the first half of 2026, falling to $105 per carat.

Under traditional economic principles, a tightening supply chain typically drives prices upward. Yet, the diamond market continues to defy basic supply-and-demand dynamics, weighed down by structural shifts in consumer behavior and persistent macroeconomic pressures.

Industry analysts attribute the sustained drop in realization prices to a confluence of headwinds: Rise of Lab-Grown Alternatives:

Persistent Market Pressures: Changing Consumer Priorities:

With natural supply reaching historic lows and prices remaining under heavy pressure, miners and industry stakeholders face unprecedented pressure to re-calibrate their market strategies and re-establish the value proposition of natural gems in an evolving retail landscape.

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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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