A pink diamond sold for $ 58 million in Hong Kong on Friday, setting a world record for the highest price per carat of a diamond at auction.
The diamond Williamson’s pink star The 11.15-carat jewel, auctioned at Sotheby’s in Hong Kong, was sold for HK $ 453.2 million ($ 58 million). It was initially estimated that it would sell for $ 21 million.
The Williamson Pink Star is named after two legendary pink diamonds. The first is the 23.60-carat Williamson diamond which was donated to the late Queen Elizabeth II of England as a wedding gift in 1947, while the second is the 59.60-carat Pink Star diamond, sold at auction for the sum record of 71.2 million dollars in 2017.
The Williamson Pink Star is the second largest pink diamond up for auction.. Pink diamonds are among the rarest and most precious colored diamonds.
The stone is unique both for its size and for its color. Pink diamonds are some of the rarest variants, according to Sotheby’s, and this rock is particularly known for its purity and clarity.
“This is a surprising result, which shows how the most important diamonds hold their value in an unstable economy.” said Tobias Kormind, chief executive of the house 77 Diamonds.
“Material assets such as world-class diamonds have a history of performing well in times of instability.”, he indicated. “The price of some of the highest quality diamonds in the world has doubled over the past 10 years.”
a unique stone
It is one of the purest, pinkest diamonds ever auctioned, according to a Sotheby’s press release.
“The discovery of a gem-quality pink diamond of any size is extremely rare.something that, with the recent closure of the Argyle mine, seemed very unlikely until recently, “Wenhao Yu, president of Sotheby’s Asia Jewelry and Watches, said at the launch, as quoted by CNN.
“Driven by limited supply and increasing demand, the prices of large, high-quality pink diamonds above 5 carats have increased exponentially over the past decadecasually laying the ground for the appearance now of this unique stone of its kind. “
Source: Clarin
