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Pink Diamond Sells for $83 Million, Breaks Sales Record
Nov. 14, 2013 11:32AM PST
Gem Investing
Rapaport reported that yesterday the Pink Star, a 59.6-carat, internally flawless fancy vivid pink diamond, sold for $83,187,381, or $1,395,761 per carat, at Sotheby’s Geneva-based Magnificent Jewels sale. That is new record for any diamond or jewel.
Rapaport reported that yesterday the Pink Star, a 59.6-carat, internally flawless fancy vivid pink diamond, sold for $83,187,381, or $1,395,761 per carat, at Sotheby’s Geneva-based Magnificent Jewels sale. That is new record for any diamond or jewel.
The diamond was purchased by Isaac Wolf, a diamond cutter, and has been renamed the Pink Dream.
As quoted in the market news:
In a salesroom exploding with anticipation and packed with trade, private buyers and media from all over the world, the winning bid for the pink diamond came after a heart-stopping bidding duel from Wolf and another buyer.
The pink diamond originated from a 132.50-carat rough diamond that was recovered by De Beers in 1999 and then cut and polished by Steinmetz Diamonds over a period of two years into its present form. The diamond was first unveiled as the Steinmetz Pink in Monaco in 2003 and then it was sold and renamed in 2007.