Ultra-rare diamonds will go for ultra-high prices on the market, and the 14.83 carat purple-pink color diamond called “The Spirit of the Rose” is no exception. Heading for auction in the coming weeks, the fancy color stone is estimated to sell for $60 million.

While the stone will likely go into a vault for the high-security museum, we’re daydreaming of all the different jewelry items we could create with such a precious stone. Pink diamond engagement ring? Pink diamond-encrusted watch or timepiece? Do Diamond stud earrings fit for a princess? The potential is limitless.

Colored diamonds and gemstones are accessible to everyone and every price point. Check out National Diamond Outlet’s diverse collection of diamonds and gemstones to see what colors, cuts, carat size and clarities appeal to you!