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The Blog

Home The BlogThe Pink Star Diamond Sells for $83 Million

The Pink Star Diamond Sells for $83 Million

The 59.60 carat fancy vivid pink diamond made history this week at Sotheby’s when it sold for a record breaking $83 million at auction – That’s $1,395,761 per carat!! The auction took place at Sotheby’s in Geneva and was the highlight of their autumn sale of magnificent jewels. The gem itself is a rare vivid pink colour, type lla and graded internally flawless. The diamond originates from a 132.50 carat rough diamond that was recovered by De Beers in 1999. The stone was cut into an oval shape and was cut into a brilliant cut. It was first unveiled in Monaco in 2003 and sold in 2007 to the person that gave it the name ‘The Pink Star’. As the bidding went on in the auction room, Sotheby’s played the theme tune the “Pink Panther” movie straight after the winning bid was confirmed. David Bennett – who is the chairman for Sotheby’s jewellery department even stated “ladies and gentlemen, 68 million is the world record bid for a diamond ever bid and it’s right here” as he brought down the hammer.
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