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The Pink Star: the most valuable cut diamond ever offered at auction estimated to achieve over $60 millionoday

19:10, Thursday, 23 March, 2017
The Pink Star: the most valuable cut diamond ever offered at auction estimated to achieve over $60 millionoday

Sotheby's unveiled The Pink Star: the largest Internally Flawless, Fancy Vivid pink diamond ever graded by the GIA. Weighing 59.60 carats, it is the most valuable cut diamond ever offered at auction, estimated to sell for more than $60 million (£48.3 million) when it is auctioned at Sotheby's in Hong Kong on April 4. The current world record holder is the Oppenheimer Blue diamond, which sold for $57.5 million at Christie's in Geneva last May.

The Pink Star was cut from a 132.5-carat rough diamond mined by De Beers in Africa in 1999. It took two years of meticulous cutting and polishing to hone it into its current oval shape. It has been offered for sale before, achieving a record $83 million at Sotheby's Geneva in November 2013, but the buyer, New York-based diamond cutter Isaac Wolf, defaulted on his payment, leaving the stone to be added to the Sotheby's inventory.“At a time of unprecedented demand for the finest in coloured diamonds, I am delighted to be bringing this magnificent stone back to the market,” said David Bennett, Worldwide Chairman of Sotheby’s Jewellery Division. “The extraordinary size of this 59.60-carat diamond, paired with its richness of colour, surpasses any known pink diamond recorded in history.”

The Pink Star
The Pink Star
The Pink Star
The Pink Star
The Pink Star
The Pink Star
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