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HONG KONG (AP) — A pink diamond was sold for $57.7 million in Hong Kong on Oct. 7, setting a world record for the highest price per carat for a diamond sold at auction.
The 11.15-carat Williamson Pink Star, auctioned by Sotheby’s Hong Kong, brings in nearly $5.2 million per carat. That surpasses the previous record of $4 million for Blue Diamond sold in 2015.
The buyer is a private collector in the United States, Sotheby’s said.
Williamson Pink Star takes its name from two legendary pink diamonds. The first was a 23.60-carat Williamson pink diamond awarded to Queen Elizabeth II, who passed away in 1947, while the second was a 59.60-carat pink diamond, which sold for $71.2 million. dollars at auction in 2017
The Williamson Pink Star, the second largest pink diamond to appear at auction, and the Queen Elizabeth diamond, both come from the Williamson mine in Tanzania. This mine is famous for its pink diamonds. which is the rarest and most valuable colored diamond
Tobias Kormind, Managing Director of 77 Diamonds, said: “This is a surprising result. This proves the resilience of leading diamonds in a shaky economy.
“Solid assets such as world-class diamonds have a track record of operating well even during times of instability,” he said. “Some of the world’s highest quality diamonds have doubled in price over the past 10 years. ”
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This story has been updated to clarify that the final price of the Williamson Pink Star diamond is $57.7 million, not the previously reported “hammer price” of $49.9 million.
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