Today marks a crazy day in the history of gemstones. At Sotheby’s Geneva a world auction record was set for any jewel when it sold an exceptionally rare Fancy Intense Pink diamond of the purest, vibrant hue, weighing 24.78 carats for $46,158,674.
That, my friends is one pretty penny in pink. The diamond was purchased by Laurence Graff. Shortly after the sale, he named the diamond “The Graff Pink” and made the following statement: “It is the most fabulous diamond I’ve seen in the history of my career and I’m delighted to have bought it.”
Delighted? C’mon Larry, could you not find a stronger word than delighted?
Being a woman who appreciates fine things and all, I can not help but think what the 46 mil could by in times like these. Please don’t get me wrong, if Mr. Graff wants to buy this diamond and it tickles him pink to do so, I say go for it. As a self made billionaire (yes, with a B – he is worth 2.5 billion) he surely has the gelt to make this purchase. And for those who will judge him, he seems to have the give back thing tied up pretty well.
A lover of diamonds he is equally in love with philanthropic and humanitarian causes. He supports Nelson Mandela’s Children’s Fund, ARK, Elton John’s AIDS Foundation, to name a few. He established FACET (For Africa’s Children Every Time), devoted to distributing funds for the education, health and welfare of children in Africa. The Graff Leadership Center directly benefits from these funds and is a training center, hostel and home to 50 orphan girls, victims of the AID and HIV epidemic.
Still, I can’t help but think that 46 mil could buy a hell of a lot for so many in need. Funny the way it is… one man buys a diamond for 46 mil while the same amount could buy 13 million gallons of milk for starving kids. Seems sort of crazy, no?