All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates.The final price was 553 million Hong Kong dollars, including the buyer's premium, or auction house charge.Sotheby's tried a new city for the Pink Star this time around.The auction house wrote "a new chapter in its story by offering it for sale in Hong Kong, now a global epicenter for the world's wealthy," said Tobias Kormind of 77 Diamonds, an online diamond jewelry seller.The winning bid came from Hong Kong jewelry firm Chow Tai Fook.
Those pink diamonds that have high scores of clarity and color intensity can be as expensive as the luxurious blue diamonds.This famous diamond has a purity level that only two percent other gems around the world have. It was unveiled in Monacoon 29 May 20…
Even though it has a light pink color, it is also very clear, and it has a certain finesse. However, the most popular place where these pink gems are found is the Western part of Australia. Though, most of the diamonds are white or semi-transparent. Just one karat is properly suited for sale from a million rough diamonds’ karats.The Pink Star diamond price hit a level of over 80 million dollars, which became a record in the gemstone auctions. She wore it wrapped around her finger, for the audience’s delight. A giant pink diamond has become the most expensive jewel ever sold at auction, fetching $71.2 million at Sotheby's in Hong Kong on Tuesday. Sotheby's ended up saddled with the expensive stone.Chow Tai Fook has renamed its new possession the CTF Pink Star in memory of the company's founder and to commemorate the brand's 88th anniversary.Most stock quote data provided by BATS. Although many wanted it, almost nobody had the necessary kind of money to purchase it. Not even the royal jewelry does not have this kind of diamonds.It is true, though, that every diamond is polished and after that is sent in other parts of the world to be used for commercial purposes. All rights reserved. Clocking in at 59.60 carats, the Pink Star was the largest polished diamond ever to go on the auction block.We're no longer maintaining this page.The most important diamond sales usually take place in Geneva.It took nearly two years to cut the Pink Star from a rough diamond. Some pink diamonds can be 20 times more expensive than the regular diamonds.However, pay attention to the origins of the diamond as well as if its color is natural or not. Gems are graded depending on their color. According to the auction house, this particular pink diamond was extracted from a South African mine, back in 1999. The estimated initial value of the pink star diamond was of 61 million dollars, but the expectations were far exceeded. It had one of the largest blue diamonds offered… Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors.
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