34-Carat 'Pink Diamond' Made In India Fetches $39 Million

New York: An extraordinary 34-carat ‘Princie’ diamond from the mines of Golconda in South India, once owned by the world’s richest man — the last Nizam of Hyderabad — has sold for a record $39 million at an auction.

The diamond a 34.65 carat Fancy Intense Pink cushion cut sparkler — was purchased by an anonymous collector bidding by phone.

It set a new record at Christie’s New York, selling for $39,323,750 with premium, or $1,135,000 per carat.

“A major event took place in the global auction industry with the record breaking sale of The Princie Diamond at Christie’s New York.

“Aside from Christie’s sale of the legendary Collection of Elizabeth Taylor, this was the most successful jewellery auction ever held in the U.S. and Christie’s was proud to have orchestrated the sale of such an historic gemstone,” Rahul Kadakia, Head of Jewellery, Christie’s Americas and Switzerland, said.

The diamond was once owned by the royal family of Hyderabad, rulers of one of the wealthiest provinces of the Mughal empire, Christie’s said in a statement.

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