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This Brilliant Pink Diamond Sold For Around $60 Million

Zoe Sottile, CNN

A stunning pink diamond sold for nearly $60 million, more than double the expected price.

The huge boulder sold for HK$453.2 million on Friday, or about $58 million, according to auction house Sotheby’s. The stone was expected to sell for around $21 million.

The 11.15-carat pink diamond, dubbed the “Williamson Pink Star,” is one of the purest, pinkest diamonds ever to come to auction, according to a Sotheby’s press release.

“The discovery of a gem-quality pink diamond of any size is an extremely rare event – ​​something which, with the recent closure of the Argyle mine, seemed until recently – highly unlikely,” said Wenhao Yu. , president of Jewelery and Watches at Sotheby’s. Asia, in the version. “Thanks to a limited supply and growing demand, prices for large premium pink diamonds over 5 carats have risen exponentially over the past decade, coincidentally setting the stage for the appearance of this stone. one of a kind.”

The pastel-hued diamond was named after two other pink diamonds, the CTF Pink Star, which sold for $71.2 million in 2017, and the “Williamson” diamond, a pink diamond offered at the Queen Elizabeth II.

The Williamson Pink Star was cushion-cut from a 32-carat rough diamond mined from the Williamson mine in Tanzania, according to Sotheby’s.

The stone is unique both in size and color. Pink diamonds are among the rarest variants, according to Sotheby’s, and this rock particularly stands out for its purity and clarity.

Hong Kong was the diamond’s final stop after traveling on a tour that included Dubai, Singapore and Taipei.

The-CNN-Wire
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