pink diamond sold at auction for almost 58 million dollars

pink diamond sold at auction for almost 58 million dollars

A pink diamond, a rare stone, was sold at an auction in Hong Kong on Friday for nearly $58 million, setting a new record price for a carat of a diamond or gemstone, according to auction house Sotheby’s.

Williamson’s Pink Star The 11.15 carat fetched HK$453.2 million, or $57.7 million, making it the second-highest price for a gem sold at auction, Sotheby’s added.

The winning bid, made by a buyer from Boca Raton, Florida (USA), whose identity has not been disclosed, was more than double the sale price, estimated at $21 million.

The coveted item was the second largest pink diamond to be auctioned. Pink diamonds are the rarest and most sought-after gemstones on the world market.

The record for a pink diamond was set in 2017, when the stone CTF pink star was sold in Hong Kong for $71.2 million.

Sale on Friday “is a testament not only to the continued demand for premium diamonds in Asia, but also to the increased awareness of the great rarity of pink diamonds”said Wenhao Yu, head of jewelery and watches at Sotheby’s Asia.

Williamson’s Pink Star It owes its name to two other record-setting pink diamonds CTF pink star and Williamson Stonea 23.6 carat diamond given as a wedding gift to Queen Elizabeth II in 1947.

Tobias Cormind, head of British jeweler 77 Diamonds, was considering the sale “weird” demonstrated that high-quality diamonds can still command a high price in a shaky economy.

“Hard assets like world-class diamonds have (consistently) performed well, even in times of volatility”he commented.

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