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Pink Star Diamond Achieves world record price

Pink Star Achieves World Record Price for any Diamond Sold at Auction

HONG KONG, April 2017 – Sotheby’s set a new world auction record for any diamond or jewel when the Pink Star, a 59.60-carat oval mixed-cut Fancy Vivid Pink Internally Flawless diamond, sold for HK$553 million / US$71.2 million on April 4 2017.

Pink Star Diamond

Jewellery News

The Pink Star was acquired by renowned jeweller Chow Tai Fook, with the winning telephone bid placed by Dr. Henry Cheng Kar-Shun, Chairman of the company.

The Pink Star has been renamed the CTF Pink in memory of the late Dr. Cheng Yu-Tung, father of the current chairman and founder of Chow Tai Fook, and commemorates the brand’s 88th anniversary.

“It is fitting that the owner of the most prestigious jeweller in Greater China should today break the record for the most valuable item ever sold in Asia as well as the most valuable diamond ever sold at auction – now appropriately named the CTF Pink – said Sotheby’s President and CEO Tad Smith, adding, “Sotheby’s has been honoured and thrilled to serve this very discerning client for many years.”

David Bennett, Worldwide Chairman of Sotheby’s Jewellery Division, added: “This magnificently beautiful diamond has been rightfully crowned the most valuable gemstone ever sold at auction. The price has more than doubled the record for a fancy vivid pink diamond that we set just last year in Geneva.”

For more on this article, visit this link: http://jewelleryoutlook.com/index.php?option=com_content&view=article&id=2044

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