WATCH | Rare pink diamond from Botswana worth R640 million set for auction in New York | Business

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A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million (R640 million), is set to be auctioned off by Sotheby's as part of its Magnificent Jewels sale in New York in June. | News24_Business

A rare, vividly rosy-purple diamond, called the Eternal Pink and valued at $35 million , is set to be auctioned off by Sotheby's as part of its Magnificent Jewels sale in New York in June.

"Its refined lines combined with the intensity of its color earn it a place as one of the world's most extraordinary gems," Tom Moses, executive vice president and chief laboratory and research officer at the Gemological Institute of America said of the cushion-cut diamond. Pink diamonds are among the rarest and most sought-after gems in the world and considered a major draw for investors.

 

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_Business How is Botswana doing to benefit in this sale

_Business From Botswana and they sold it? Haaibo Botswana

_Business Look at that beauty!!

_Business How much of the sales revenue is Botswana retaining? Resources are continuously being stolen from Africa in general but do we as 'Africans' benefit from it?

_Business TebogoMakoti1 👏🏽

_Business Will probably be bought by a MYANC minister

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