Pink diamond sells for a world record $71.2M

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05 April, 2017

The largest, most flawless pink diamond to have ever been offered at auction has sold for $71.2 million at a Sotheby's auction Tuesday in Hong Kong, setting a new world record for any diamond or jewel, according to the auction house.

The world's most valuable diamond is up for auction on Tuesday (4 April), four years after the winning dealer failed to come up with the £66m he bid for the gem.

It sold for $83m in Geneva in 2013 but the buyer later defaulted.

The previous record holder for a cut diamond at auction was the "Oppenheimer Blue".

The Pink Star was mined by De Beers in 1999 in South Africa and weighed 132.5 carat in the rough.

More news: Strong Storms Possible Friday

A giant pink diamond is expected to break records at a Sotheby's auction in Hong Kong on Tuesday. It is an fantastic colour to it. It's an incredible colour to it. The stone was then worn by Danish model Helena Christensen around her neck to exhibit to the public for the first time in Monaco in 2003.

The incredible was that this diamond was sold after 5 minutes of the bidding. The buyer's identity is unknown. The diamond fits onto a ring.

Before that, a Hong Kong tycoon purchased the cushion-shaped Blue Moon diamond for his seven-year-old daughter.

May 2015: An unnamed buyer made history after purchasing the Sunrise Ruby, a 25.59-carat "pigeon blood" coloured gemstone, for $30m (£19.1m). Sotheby's ended up saddled with the expensive stone. Of all fancy colored pink diamonds, those graded "Fancy Vivid" are the most precious and desirable.

The auction house was forced to buy the diamond from the seller because it had guaranteed a US$60 million sale price.


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