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Swatch-Owned Harry Winston Buys 18.96-Ct. Pink Diamond For $50M

The ‘Pink Legacy’, an 18.96-carat vivid pink was bought at the Christie’s Geneva jewellery sale for a record CHF 50.375 million ($50 million)  Swiss francs ($50 million) by Harry Winston, owned by the Swatch Group.

Swatch CEO Nayla Hayek, daughter of the late Swatch founder Nicolas Hayek, promptly renamed it “The Winston Pink Legacy”, adding it to its collection of rare jewels, the auction house said. The stone joins the 101-carat D-flawless Winston Legacy that Harry Winston acquired in 2013.

The internally flawless, rectangular cut diamond’s sale price translates to a world-record $2.6 million per carat. The Christie’s Geneva sale netted $110 million, with 86 percent of the lots being sold – 11 of them for more than $1 million, according to Christie’s luxury group Chairman Francois Curiel.

The stone was once owned by the Oppenheimer Family, who controlled De Beers, but it had been sold previously by them and the identity of the current seller was not disclosed.

There were at least five people bidding by phone for the pink stone, but the winning bidder was a Harry Winston representative sitting in the front row, Curiel said. Christie’s International Head of Jewellery Rahul Kadakia said an important Asian collector was the direct under-bidder.

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