Rare Pink Diamond Sells for $57.7 Million at Hong Kong Auction, Sets World Record

Bysoo-zen Going through

HONG KONG– A pink diamond sold for $57.7 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction.

The 11.15-carat Williamson Pink Star diamond, auctioned by Sotheby’s Hong Kong, sold for HK$392 million ($57.7 million). It was originally estimated at $21 million.

The Williamson Pink Star takes its name from two legendary pink diamonds. The first is the 23.60-carat Williamson Diamond which was presented to the late Queen Elizabeth II as a wedding gift in 1947, while the second is the 59.60-carat Pink Star Diamond which sold for an amount record $71.2 million at auction in 2017.

The Williamson Pink Star is the second largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable colored diamonds.

“This is an amazing result, proving the resilience of the best diamonds in a shaky economy,” said Tobias Kormind, Managing Director of 77 Diamonds.

“Durable assets such as world-class diamonds have a history of performing well even in times of instability,” he said. “Some of the highest quality diamonds in the world have seen their prices double in the last 10 years.”

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