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The Pink Star Diamond, World’s Most Expensive Gemstone

The Pink Star Diamond

The Pink Star Diamond

The pink star diamond is 59.6-carat stunning pink diamond. It is one of unique diamonds in the world and recently honored as world’s most expensive diamond ever sold. Previously, this record was held by the Oppenheimer Blue Diamond.

What are pink diamonds?

Diamonds are most expensive stones on the globe for many reasons such as beauty, luster, toughness to name few. Pink diamonds are very rare diamonds in the world and they are only found in a few localities in the world including Australia, Brazil, Canada, Russia, Siberia, South Africa, and, Tanzania. Most of Pink diamonds are mined from the Argyle Mine in Australia which is the most prolific producer of pink diamonds in the world.

Pink Star Diamond

The Pink Star diamond is an vivid pink oval mixed-cut diamond which weighs 59.6-carats. The stone is the only vivid pink diamond which is graded internally flawless by Gemological Institute of America (GIA). The Pink Star Diamond is a great combination of clarity, color, and size making it the world’s most desirable diamond in existence. The best combination of all factors that make diamond more desirable are present in this stone. Surprisingly “The Pink Star” was not mined from Argyle Mine in Australia which is famous for pink gemstones. It was mined in South Africa by by the De Beers Company in 1999.

word most expensive diamond

Image via wwd.com

Price of Pink Star Diamond

The Pink Star Diamond holds the record of world’s most expensive diamond or gemstone ever sold. It was sold in April, 2017 at auction in Hong Kong for a world recording breaking $71.2 Million USD. It just took 5 minutes of intense bidding and was sold in much more high price than its expected worth of $60 millions USD. Chinese jewelry behemoth Chow Tai Fook purchased it just minutes after the hammer went down. Previously this record was held by “Blue Moon Diamond” which was sold for $48.5 million at a Geneva auction. The Blue Moon diamond is still most expensive diamond in terms of highest per carat price.

 

Pink Star’s Highest Bid

Most of people are unaware of the fact that Hong Kong Auction isn’t the first place where Pink Star Diamond was placed for Auction. Previously, it was it was also presented in Geneva Auction In 2013 where Sotheby’s sold the Pink Star to a New York-based diamond cutter, Isaac Wolf. Wolf bid an incredible amount of $83 million for the Pink Star, which is even more than its current price. Unfortunately, Wolf was not able to raise enough money to complete this sale because his investors pulled out necessary funds to pay the $83 million. After this, the gemstone was not offered to the second highest bidder but instead it was returned to Sotheby’s inventory  where it has stayed  for couple of years.

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The Pink Star Diamond, World's Most Expensive Gemstone
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The Pink Star Diamond, World's Most Expensive Gemstone
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The Pink Star diamond is an oval mixed-cut vivid pink diamond which weighs 59.6-carats. The Pink Star Diamond is world’s most expensive diamond ever sold
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By | 2017-11-17T12:02:09+00:00 November 14th, 2017|Categories: Gemology, Gemstones|Tags: , , , |Comments Off on The Pink Star Diamond, World’s Most Expensive Gemstone