Jewelry News

World’s largest diamond – the Pink Star – sold for over $83 million

World’s largest diamond – the Pink Star – sells for $83.2 million at auction. Sotheby’s says the sale of the oval mixed cut fancy vivid pink diamond weighing 59.60 carats is the highest price ever paid for a gemstone at auction.

Prior to the sale to the successful bidder, representing an anonymous buyer, the diamond was estimated to fetch more than $60m. The bidding opened above $52m, and it closed with the playing of the Pink Panther films’ theme music.

The plum-sized gem had been introduced prior to the bidding as “one of the most remarkable gems ever to appear at auction”. The diamond is graded as a Type IIa, a rarity for a pink diamond, and it took Steinmetz Diamonds two years to cut it to form from a 132.5-carat rough diamond.

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