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jnews

03
April
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Sotheby’s Hong Kong to auction off 59.60ct pink diamond

On Tuesday April 4, Sotheby’s Hong Kong will auction the record breaking ‘Pink Star’ diamond for the second time.

Weighing in at jaw-dropping 59.60 carats, the ‘Pink Star’ is currently the largest Internally Flawless (IF)  Fancy Vivid Pink diamond unearthed to date. The GIA (Gemological Institute of America) report that accompanies the stones states that it is type IIA and the largest diamond of its kind to ever pass through the doors of the GIA diamond grading laboratories.

The rough stone was found by De Beers in South Africa. Originally weighing 132.50 carats , the stone was later cut into its current oval shape by Steinmetz Diamonds over an arduous two year period. The cut diamond was first exhibited to the public by model Helen Christensen in 2003 at the Monaco Grand Prix and later went into public display at the Smithsonian Museum of Natural History in Washington DC.

The ‘Pink Star’ was originally bought in November 2013 by New-York based diamond cutter Isaac Wolf for a hefty price-tag of US$83 million, but was later returned to the seller when Wolf defaulted on the sale.

The current world record for a pink diamond sold at auction is held by the 24.78ct Graff Pink which sold for US$46.16 million. The April 4 sale is expected to exceed this record by at least US$15 million.

Watch the sale here.

 

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