On October 7, a pink diamond worth $57.7 million was auctioned off in Hong Kong, breaking the previous record for the highest price paid per carat for a diamond.
The 11.15-carat Williamson Pink Star, auctioned by Sotheby’s Hong Kong, broke the previous record for a blue diamond sold for $4 million in 2015.
According to Sotheby’s, the purchaser was a private collector from the United States.
Two fabled pink gems are the source of the name of the Williamson Pink Star.
First is the 23.60-carat Williamson Pink Diamond, which was given to the late Queen Elizabeth II as a wedding gift in 1947, and second is the 59.60-carat Pink Star, which set a record when it was auctioned off in 2017 for a whopping $71.2 million.
Queen Elizabeth’s diamond and the Williamson Pink Star, the second-largest pink diamond ever sold at auction, were mined in Tanzania.
Pink diamonds, among the rarest and most expensive colored diamonds, are the mine’s most well-known product.
According to Tobias Kormind, managing director of 77 Diamonds, “This is an incredible outcome, illustrating the endurance of exceptional diamonds in a fragile economy.”
According to him, “hard assets like top-notch diamonds have a history of doing well even in times of turmoil.”
Over the past ten years, the cost of some of the greatest quality diamonds in the world has doubled.