This $3.2 million diamond is having ‘surgery’ to be more pink – if it survives, it could double in value

By Erica Wrightn + Ray Parisi

Iu2019d never heard of a diamond going into u201csurgery,u201d so when I was invited to watch a massive 5-carat pink diamond worth $3.2 million go under the knife (aka, diamond cutting wheel), I was more than a little curious.

u201cOne wrong move and the stone could just shatter, then millions of dollars right down the drain,u201d Scott West tells me as he looks at a bright pink diamond in the palm of his hand.

The thought of shattering such a perfect gem makes me cringe, but Scott West knows what heu2019s doing. He and his dad, Larry West, are the father-son duo who run L.J. West Diamonds, a wholesale diamond house in New York City thatu2019s been around for 41 years. The Wests are known as u201cdiamantairesu201d in the industry, experts whose primary business is sourcing and cutting rare colored diamonds.