The pink star sells for $71.2m second time in auction
04.04.17
The Pink Star fetched $71.2m, approximately $1.2m per carat at Sotheby’s Auction in Hong Kong today, breaking the record and making it the most expensive gemstone sold! The plush pink treasure surpassed the $60m auction estimate and was purchased by jewellery retailer, Chow Tai Fok.
The Pink Star Diamond originally named the Steinmetz Pink has been in auction for the second time, the first time the bid price was $83million by dealer, Isaac Wolf, which would have set a record for fancy coloured diamonds, however the sale was shortly cancelled. The recent records fetched for fancy coloured diamonds in auction: Oppenheim Blue sold for $57.5m in May 2016, Blue Moon sold for $48.5m in Nov 2015 and it also holds the highest per carat record price of $4.1m per carat.
The Pink Star is an extraordinary diamond in a class of jewels already rare, one of a kind and highly valuable. Originally, the rose pink diamond was a 132.5 carats rough fashioned into the world’s largest internally flawless, fancy vivid pink 59.6 carat oval!
Dipika @ IGR London
