A rare pink diamond known as “ The Eternal Pink” is poised to break records in an upcoming Sotheby’s auction with an estimate of more than $35 million. It is set to be exhibited in Dubai.

The stone is the most valuable “purplish pink” diamond to ever appear at auction, according to Sotheby’s. At 10.57 carats, it also carries a price per carat estimate of more than $3,300,000, the highest ever placed on a diamond or gemstone. “This color is the most beautiful and concentrated shade of pink in diamonds that I have ever seen or has ever come to market,” said Quig Bruning, head of Sotheby’s jewelry department for the Americas, in a statement.

Before being sold at a Sotheby’s auction in New York on June 8, the diamond will be exhibited in a world tour across Hong Kong, Dubai, Singapore, Shanghai, Taiwan and Geneva. The current price per carat record is held by another pink diamond sold by Sotheby’s in Oct. 2022 for more than $5,100,000 per carat. In 2017, the auction house also set the auction record for a diamond or gemstone when it sold a 59.60 carat pink diamond for $71.2 million. The Eternal Pink was mined by De Beers at the Damtshaa mine in Botswana. It took six months for artisans at Diacore in New York to fashion it.