Home Gemological Institute of America Pink Diamond Breaks World Report With $57.7 Million Sale

Pink Diamond Breaks World Report With $57.7 Million Sale

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Pink Diamond Breaks World Report With $57.7 Million Sale

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It is the most costly diamond per carat ever to be offered in historical past.

Diamonds hardly ever include an inexpensive price ticket, however the world’s most costly diamond simply offered for a record-breaking fortune that can shock most.

In response to The Washington Publish, Sotheby’s auctioned off a uncommon, 11.15-carat pink diamond in Hong Kong earlier this month. The jewel was anticipated to go for round $21 million, but it surely offered for double its worth at $57.7 million USD.

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That is the most costly diamond per carat ever to be offered in historical past, and it’s additionally the second pink diamond to ever go on public sale.

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Often called the Williamson Pink Star, the piece attracts its identify from two different well-known diamonds. The primary a part of the identify is a nod to the Williamson diamond, a 23.60-carat stone that was given to Queen Elizabeth II as a marriage reward when she married Prince Phillip in 1947.

The second half of the identify honors the 59.60-carat Pink Star Diamond, which broke information when it offered for $71.2 million in 2017.

Pure pink diamonds are thought-about extraordinarily uncommon. Of the diamonds which might be submitted to the Gemological Institute of America (GIA), solely 3% are coloured. Of that small quantity, solely 5% are labeled as pink.

“That is an astounding outcome, proving the resilience of prime diamonds in a shaky financial system,” Tobias Kormind, the managing director of 77 Diamonds, informed The Washington Publish.

He continued, “Onerous property akin to world-class diamonds have a historical past of performing nicely even in instances of instability. A few of the world’s highest high quality diamonds have seen costs double during the last 10 years.”

The Pink Star and the Williamson Pink Star aren’t the solely coloured diamonds to promote for tens of hundreds of {dollars} at auctions.

In 2016, the Oppenheimer Blue Diamond (14.62-carats) made headlines when it was auctioned off for $57.5 million. The Orange offered for a formidable $2.4 million per carat, totalling to $35.54 million.

Curiously, the most important diamond ever offered went for lower than what the Williamson Pink Star diamond simply offered for. Offered at a Christie’s public sale in 2013, the colorless, oval reduce diamond featured 118.28 carats and went for $30.6 million.

How a lot would you spend on a diamond?

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Sources: The Washington Publish, Geek Reporter, Ritani,

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