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Sotheby’s Sets New World Record With $71 Million Pink Diamond Sale

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Pink Diamond Sets World Record at $71 Million for Sotheby's
(Courtesy of Sotheby’s)


It’s a diamond that has turned out to be truly a cut above.

The Globe and Mail reported that Sotheby’s Hong Kong hit a new world-record hammer price for a gem, with its sale of a pink diamond for $71.2 million.

Known as the Pink Star, the 59.60-carat oval mixed-cut diamond had a pre-auction estimate in excess of $60 million; and had already broken its own record, as the largest “Internally Flawless,” “Fancy Vivid Pink” diamond ever graded by GIA.

The buyer was identified by the Telegraph as jeweler Chow Tai Fook.

It took nearly two years for Steinmetz Diamonds to cut the gemstone, which first appeared in public in 2003, worn by another gem, model Helena Christensen (of “Wicked Game” fame).

Below, watch a teaser video from Sotheby’s on the diamond.