With a hefty price tag of USD $83 million, the Pink Star Diamond is the most expensive diamond ever sold.
The Pink Star Diamond is undoubtedly every woman’s dream come true. In fact, it is probably safe to say that even men will be more than happy to own this majestic gem. A recent auction held by the prestigious auction house Sotheby’s on the 13th of November 2013, released the diamond for a record $83 million. This is the highest recorded price ever forked out for a diamond.
One of the many reasons why the Pink Star Diamond fetched so much money is due to the fact that it is deemed flawless by the esteemed Gemological Institute of America (GIA). Its hefty weight of 59.60 carats also contributes to its record price. Internally flawless, the Pink Star Diamond boasts a perfect shade of pink known as Fancy Vivid, the highest color grade for a pink diamond. Its rich color and exceptional oval cut have enabled it to surpass all other diamonds in terms of rank and price in both public and private collections. Additionally, the Pink Star Diamond falls into the exclusive Type II subgroup of diamonds that make up only 2% of all the world’s diamonds. Diamonds within this subgroup are made up of rare diamonds that boast flawless purity and brilliant transparency. This one-of-a-kind pink diamond is well on its way to becoming the most valuable and prestigious diamond in the world.
Measuring 2.69 by 2.06 centimeters and weighing approximately 11.92 grams, the Pink Star Diamond is set on a beautiful ring and was recently sold to the highest bidder at the Sotheby’s auction that took place in Geneva. Initially estimated to sell for $20 million less than the price it actually fetched, the Pink Star Diamond drew applause and gasps of awe from those in attendance when the hammer dropped on the closing bid.
Mined by the powerhouse diamond corporation De Beers, the Pink Star Diamond was unearthed in Africa in 1999 and in its uncut state, weighed almost double. It took the prestigious Steinmetz Group an incredible 20 months to cautiously and perfectly cut the flawless diamond. Unveiled to the public in 2003, the rare diamond drew massive interest from gem collectors all around the globe. The recent auction conducted by Sotheby’s drew the undeterred attention and attendance of some of the world’s premium diamond aficionados.
The previous record set for the most expensive diamond ever sold was recorded three years ago. Known as the Graff Pink Diamond, the runner up sold for nearly half the price of the Pink Star Diamond.
Purchased by esteemed diamond cutter Isaac Wolf, one can only imagine where the Pink Star Diamond is headed to next. We can only fantasize of one day owning a piece of history as beautiful as the Pink Star Diamond. There is no doubt that the wonder and speculation surrounding this flawless gem will continue to live on in infamy until another flawless diamond rivaling it is unearthed. Till then, there is no doubt that the Pink Star Diamond will continue to be hailed as the greatest diamond ever known to man.
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