Pink Star Diamond Sold

The largest polished diamond sold in Hong Kong

HONG KONG - 4. April 2017 - A rare oval-shaped 59.6 carat diamond has been sold in Hong Kong for more than $71 million.

The bidding for the diamond began at $56 million. After only five minutes of bidding at Sotheby's, the diamond was sold to Hong Kong jewellery retailer Chow Tai Fook Jewellery.

The winning bid of $71 million sets a new world record for any gemstone sold at an auction. The earlier record was for $50 million in May last year for the Oppenheimer Blue diamond in Geneva.

This largest pink diamond ever found was uncovered by De Beers in 1999 at an African mine. The stone has been called exceptional, so rare and so beautiful.

Fancy colored diamonds are rare, often fetching large sums of money, as did Pink Star diamond at the above Hong Kong auction.

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Wittelsbach Diamond