Switzerland - Gem price sets record
Print Edition
An enormous diamond known as “The Pink Star” sold for more than US$83 million at auction Wednesday night, far surpassing its expected price. Sotheby’s said the price of the vivid, flawless 59.60-carat pink diamond is the highest ever paid for a gemstone at auction.
Prior to the sale to the successful bidder, representing an anonymous buyer, the diamond was estimated to fetch more than US$60 million. The bidding opened above US$52 million, and it closed with the playing of the “Pink Panther” movie’s theme music.
The diamond is Type IIa, a rarity for a pink diamond, and it took Steinmetz Diamonds two years to cut it to form from a 132.5-carat rough diamond.
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