Friday, November 15, 2013

Pink Star diamond fetches world record price at Sotheby’s - and renamed Pink Dream

The other day we published a post about the would be auction of the 'Pink Star' diamond and it was speculated that it would fetch a price of £28.5 million.

But the 59.60-carat diamond measuring 2.69cm by 2.06cm (1.06 inches by 0.81 inches) and set on a ring has been sold for $83m (£52m) at auction in Geneva at Sotheby’s - a record price for a gemstone.

The Pink Star was sold to Isaac Wolf, a well known New York diamond cutter who has renamed it the Pink Dream.

The winning bid surpasses the $46.2m paid for the Graff Pink diamond three years ago, which was half the size of the Pink Star.

According to the auctioneer, the Pink Star was mined by De Beers in Africa in 1999, but it did not say which country.


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