Pink diamond reclaims public sale document

The 59.60-carat Pink Star diamond has as soon as once more set a world document for the very best value paid at public sale for a diamond or piece of jewelry.

The flamboyant vivid pink oval-cut stone fetched US$71.2 million (AU$95 m) at a Sotheby’s public sale in Hong Kong on four April. This determine is greater than double that of the earlier document held for a elaborate vivid pink diamond and in addition units a document for the very best merchandise bought at an public sale in Asia.

Based on sources, the sale concerned three contenders and took a mere 5 minutes.

Chinese language jewelry retailer Chow Tai Fook was the successful bidder, and has renamed the diamond the ‘CTF Pink Star’.

The earlier document for the very best value paid for a diamond or jewelry merchandise was set on 18 Could 2016 by a blue stone named the Oppenheimer Blue. This diamond fetched US$57.5 million (AU$76.eight m) at a Christie’s public sale in Geneva.

The Distinctive Pink – a 15.Three-carat pink diamond – bought for US$31.6 million (AU$42 m) on 17 Could, at some point earlier than the Oppenheimer Blue sale. It was the document holder for probably the most useful fancy vivid pink diamond bought at public sale till now.

Previous failures

As beforehand reported by Jeweller, the Pink Star went beneath the hammer, and seemingly broke the document for the very best paid for a diamond or jewelry merchandise, at a Sotheby’s public sale in November 2013.

New York-based diamond cutter Isaac Woolf positioned the successful bid of US$83 million (AU$110 m) however the sale fell by way of after Woolf defaulted on cost. The stone was recorded as a part of the public sale home’s stock.

The Pink Star, which is mounted on a hoop, is believed to be the most important internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America.

The Pink Star hails from a 132.5-carat piece of tough that was found in 1999. It was lower and polished over a two-year interval.


The Pink Star (CTF Pink Star)

Extra studying
Oppenheimer Blue diamond smashes public sale document
Document-breaking pink diamond sale cancelled
$89 million for pink diamond
Pink diamond to smash document
Retail large considers buying diamond mine
Chinese language jeweller takes stake in Brisbane on line casino

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