Pink Star Diamond Fetches Record $71.1 Million

Pink Star Diamond Fetches Record $71.1 Million

A pink diamond as big as a plum, the “Pink Star”, broke the world record for a stone auctioned off, reaching $71.2 million in Hong Kong on Tuesday.

The =59.60 carat diamond is the largest diamond in its class ever certified by the American Institute of Gemmology (GIA).

“Sotheby’s Hong Kong is very proud to have achieved this record,” said the Asian president of the auction house, pointing out that it was a new world record for this year. Type of jewel.

David Bennet, global president for international jewelry at Sotheby’s who led the auction, referred to a “historic sale”.

The auction began at about $ 56 million. The sale lasted five minutes before the winning bid was presented on the phone by a buyer, arousing applause.

The “Pink Star” is a sparkling oval extracted from a 32.5 carat crude diamond discovered by De Beers in Africa in 1999. It measures 2.69 cm by 2.06 cm and weighs 11.92 grams. According to Sotheby’s, it had been “carved with the utmost care: it took almost two years to reveal this magnificent diamond.”

Pink Star diamond
Pink Star diamond

It had already been auctioned by Sotheby’s in 2013 in Geneva for 83 million dollars but the buyer, the New York diamond Isaac Wolf, had been lacking.

The previous record for an auctioned jewel was held by the “Oppenheimer Blue”, a 14.62 carat ring stone, auctioned in Geneva by Christie’s for $ 57.5 million.

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