Super rare, purple-pink diamond to fetch $38mln

This extremely rare pink diamond

is expected to fetch $38 million

when it hits auction in Geneva in November

The oval gem was mined in Russia

and even named after a Russian ballet

(SOUNDBITE) (English) DEPUTY CHAIRMAN FOR JEWELLERY, SOTHEBY'S ASIA, WENHAO YU, SAYING:

"We are very honored to offer the largest diamond of its kind - a 14.83-carat, fancy vivid purple-pink diamond, internally faultless, and came with a very special name 'the Spirit of the Rose'."

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