The Pink Star is unquestionably and by far the greatest polished diamond that ever hit the auction market. It should have fetched CHF 76M including premium at Sotheby's on November 13, 2013 but the buyer was unable to pay and its sale was cancelled.
Its come back was eagerly awaited by all the fans of highest jewelry and of auction history. It will be sold by Sotheby's in Hong Kong on April 4, lot 1801. It is estimated in excess of HK$ 468M currently worth US$ 60M, according to the press release of March 20.
The essay below is based on my 2013 discussion :
Its subtle color, Fancy Vivid Pink, is the best graded among diamond colors. Internally Flawless means a perfect clarity. Its weight, 59.60 carats, is the highest recorded for finished flawless diamonds of that color. Its oval shape and its polish are the perfect result of two years of work executed by Steinmetz Diamonds.
It comes from a rough gem of 142.5 carats unearthed in 1999 by De Beers somewhere in Africa, which is currently the best location for new fabulous diamonds. Its mixed cut had required more than 50 subsequent models from epoxy casts. It was unveiled to the public in 2003.
It exceeds in all its features the Graff Pink, sold for CHF 45.4 million including premium by Sotheby's on 16 November 2010, which had 24.78 carats, a VVS2 clarity and a fancy intense pink color slightly lower in theory than the fancy vivid but indeed highly striking in this specimen.
The Pink Star is expected beyond US $ 60M, a suitable and even conservative estimate when we consider that it is "only" US$ 1M per carat, but nevertheless ambitious because no other gem has ever reached such a price at auction. (Note that this expected value has been kept unchanged before the 2017 sale).
SOLD for HK$ 550M including premium
Please watch the videos shared by Sotheby's : the 2013 pre sale video and the short video introducing the next auction :
Its come back was eagerly awaited by all the fans of highest jewelry and of auction history. It will be sold by Sotheby's in Hong Kong on April 4, lot 1801. It is estimated in excess of HK$ 468M currently worth US$ 60M, according to the press release of March 20.
The essay below is based on my 2013 discussion :
Its subtle color, Fancy Vivid Pink, is the best graded among diamond colors. Internally Flawless means a perfect clarity. Its weight, 59.60 carats, is the highest recorded for finished flawless diamonds of that color. Its oval shape and its polish are the perfect result of two years of work executed by Steinmetz Diamonds.
It comes from a rough gem of 142.5 carats unearthed in 1999 by De Beers somewhere in Africa, which is currently the best location for new fabulous diamonds. Its mixed cut had required more than 50 subsequent models from epoxy casts. It was unveiled to the public in 2003.
It exceeds in all its features the Graff Pink, sold for CHF 45.4 million including premium by Sotheby's on 16 November 2010, which had 24.78 carats, a VVS2 clarity and a fancy intense pink color slightly lower in theory than the fancy vivid but indeed highly striking in this specimen.
The Pink Star is expected beyond US $ 60M, a suitable and even conservative estimate when we consider that it is "only" US$ 1M per carat, but nevertheless ambitious because no other gem has ever reached such a price at auction. (Note that this expected value has been kept unchanged before the 2017 sale).
SOLD for HK$ 550M including premium
Please watch the videos shared by Sotheby's : the 2013 pre sale video and the short video introducing the next auction :
Sotheby’s Brings ‘Pink Star’ Diamond to Hong Kong https://t.co/D5Lo7D6NIX pic.twitter.com/yk5ph7cUhn
— Art Market Monitor (@artmarket) March 20, 2017
WATCH: World's most valuable cut diamond, the 59.60-carat "Pink Star," could fetch a record $60 million at auction: https://t.co/JsYfyHq5H8 pic.twitter.com/mLNLyhUhBY
— Good Morning America (@GMA) March 20, 2017
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