About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Internally Flawless $60-mn Pink Diamond for Auction in Geneva

by Bidita Debnath on September 26, 2013 at 11:03 PM
Font : A-A+

 Internally Flawless $60-mn Pink Diamond for Auction in Geneva

Sotheby's showed off a 59.6-carat pink diamond that will be auctioned in the Swiss city of Geneva at a record asking price of $60 million (49 million euros) in November.

"The Pink Star", an internally flawless oval-cut vivid pink diamond, will become the most valuable diamond ever to be offered at auction, Sotheby's said.

Advertisement

"I have had the privilege of examining some of the greatest gemstones in the world over the past 35 years, and I can say, without hesitation, that 'The Pink Star' diamond is of immense importance," David Bennett, chairman of Sotheby's jewellery division in Europe and the Middle East, said in a statement.

"It is difficult to exaggerate the rarity of vivid pink diamonds weighing only five carats, so this 59.60 carat stone is simply off any scale," he said, insisting it belonged in "the ranks of the earth's greatest natural treasures."
Advertisement

The shimmering pink, plum-sized diamond, which was 132.5 carats in the rough, was mined by De Beers in Africa in 1999 and cut and polished over a period of two years by Steinmetz Diamonds, the auction house said.

When it was first unveiled to the public in 2003, it was called the "Steinmetz Pink", but it was renamed after it was first sold four years later.

The 2007 sale price was not disclosed, nor has the identity of its current owner.

The gem, which has received the highest possible colour and clarity rating from the Gemological Institute of America (GIA), is more than twice the size of the 24.78-carat "Graff Pink" diamond that set the world auction record for a diamond and any gemstone or jewel when it was sold at Sotheby's Geneva in 2010 for $46.2 million, the auction house said.

Source: AFP
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
News Category
What's New on Medindia
First Dose of COVID-19 Vaccines May Improve Mental Health
Printed Temperature Sensors help with Continuous Temperature Monitoring
Health Benefits of Giloy
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.


Recommended Reading
Nanodiamonds can Boost Effectiveness of a Common Leukemia Drug
A joint study has found that the delivery of a common leukemia drug to leukemic cells can be ......
Giant White Diamond In Hong Kong Could Fetch $35mn
Auction house Sotheby's said that a 118.28-carat white diamond, set to break records, is to go ......
Hong Kong to Host Auction of Rare Blue Diamond
October will see the auction of a rare round blue diamond in Hong Kong...
Move Over Gold and Diamond Facials, Bird Poop Facial Here to Stay
For all those who love fancy facials that promise to do wonders for the skin, there is another one ....

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2021

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use