Posted on 22 Mar
Looking for an extra special something for that special someone? How about a 59.60-carat pink diamond? Dubbed the “Pink Star,” the oval-cut rock is the largest Internally Flawless, Fancy Vivid Pink diamond ever graded by the Gemological Institute of America, and next month it’s hitting the auction block at Sotheby’s.
Graded a Type IIa, the dazzling stone sold for a staggering $83 million at Sotheby’s Geneva in 2013—the highest ever recorded sale for a diamond—but the buyers reneged on the deal. Now, it’s headed to Hong Kong for a do-over.
“At a time of unprecedented demand for the finest in colored diamonds, I am delighted to be bringing this magnificent stone back to the market,” said David Bennett, worldwide chairman of Sotheby’s Jewelry Division. “The extraordinary size of this 59.60-carat diamond, paired with its richness of color, surpasses any known pink diamond recorded in history.”
Valued at $72 million, the Pink Star is poised to break the world record for the most valuable diamond ever sold at auction (a title currently held by the 14.62-carat “Oppenheimer Blue,” which sold for over $57.5 million in 2016). The rock will be auctioned off on April 4 at Sotheby’s Hong Kong.