Pink Star Diamond Fetches World Record $83 Million At Sotheby’s Auction

Pink Star Diamond

Another night, another diamond and another record price. Geneva is on fire auctioning off all the valuable things in the world. As one Miss Monroe said sometime ago, diamonds are our best friends. The Pink Star diamond found a buyer willing to part with some serious dough, to the tune of $83 million. This price includes Sotheby’s commission.

Luckily for us, this buyer is more than willing to let the world know he bought it, and renamed the Pink Star as the Pink Dream on the spot. Winning bidder is Isaac Wolf, a New York based diamond cutter well-known in the industry.

The Pink Star was found in Africa by De Beers in 1999. Uncut diamond had a weight of 132.5 karats, the cut oval-shaped diamond mounted on a ring now weighs 59.6 karats. It took two years to cut and polish the diamond.

According to reports there was a long silence between the winning offer $74 million (68 CHF) and the previous telephone offer $73 million (CHF). Sotheby’s David Bennett ended the auction by saying “Ladies and gentlemen, 68 million (Swiss Francs) is the world record bid for a diamond ever bid and it’s right here.” As a bonus to the buyer Sotheby’s played the theme tune from the “Pink Panther” movie after the winning bid was confirmed.

So far, Sotheby’s has sold diamonds and jewelry worth $200 million in this current auction, a record for a single auction according to the company.

Pink Star Diamond


Source: BBC News