There are a few collectors who compete for the most precious diamonds in the world; one of the most famous diamond collectors is Laurence Graff. He owns several amazing coloured diamonds the most impressive of which also bear his last name: the Graff Pink diamond and the Wittelsbach-Graff diamond.
The Wittelsbach Diamond has a rich history; one could even say it has had a royal one. This fancy deep greyish blue diamond was part of both the Austrian and Bavarian crown jewels for centuries. It was a 35.56 carat diamond with VS2 clarity, which is among the higher of diamond clarity grades.
In 2008 Laurence Graff bought this amazing diamond at an auction in London for 23.4 million dollar, the highest price ever paid for a single diamond until the end of 2010 when Laurence Graff bought the Graff Pink diamond which is the new record holder.
Not long after buying the diamond Laurence Graff decided to have it recut. The new Wittelsbach-Graff diamond lost 4.45 carats, making it a less impressive 31.06 carat diamond. However after the recut the diamond received a new grading by the GIA. The GIA upgraded its colour to fancy deep blue and its clarity to IF, the second highest clarity grade possible.
The recut has had a lot of criticism though. The stone has a long and rich history starting in the 18th century; it was considered blasphemy to have a piece of history be maimed like this. On the other hand experts state that the recut did increase the market value of the diamond, which for a collector is of high importance of course.
Graff Pink Diamond
The first known owner of the Graff Pink diamond is the famous Harry Winston, a New York jeweller who owned some of the most famous and expensive diamonds in the world like the Blue Hope Diamond and the Briolette of India.
Laurence Graff purchased this fancy intense pink diamond on 16 November 2010 at an auction in Switzerland for the price of 46 million dollar, making the Graff Pink the most expensive single jewel ever sold. The Graff Pink is a IIa diamond, meaning it’s among the top 1-2% diamonds based on purity.
This amazing purity combined with its rare pink colouring makes it a truly unique piece. The diamond has an emerald cut and is flanked by 2 other diamonds shaped like shields mounted on a platinum ring. The Graff Pink is definitely a jewel worthy of Laurence Graff who’s also known as the King of Bling.