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.
JOIN US ON WHAT'SAPP, TO GET INSTANT STATUS UPDATES AND BE IN THE KNOW.
CLICK HERE
