Editor’s Note
This article highlights the enduring value of rare, high-quality assets, even in uncertain economic times, as demonstrated by the record-breaking auction of a pink diamond in Hong Kong.
A pink diamond sold at a Hong Kong auction. /Photo=AP, Newsis
[Choice Economy Reporter Lee Moon-sook] A ‘pink diamond’ sold for nearly $58 million in Hong Kong. AFP reported that this is a price that ordinary diamonds or other gemstones could never reach.
According to ‘Sotheby’s House’, the rare rough pink diamond was sold for nearly $58 million at a Hong Kong auction on October 7 (local time), setting a new auction record for the price per carat for a diamond or gemstone.
The 11.15-carat ‘Williamson Pink Star’ was sold for $57.7 million, becoming the second-highest price ever paid for a gemstone at auction, Sotheby’s reported.
The hammer price, offered by an anonymous buyer from Boca Raton, Florida, USA, was more than double the estimated selling price of $21 million.
Pink diamonds are among the rarest and most sought-after gemstones in the world market. The highest record for a pink diamond was the ‘CTF Pink Star’, which was auctioned for $71.2 million in Hong Kong in 2017.
The ‘Williamson Pink Star’ was named after two other pink diamonds: the record-holder ‘CTF Pink Star’ and the ‘Williamson Stone’, a 23.6-carat diamond given as a wedding gift to Queen Elizabeth II in 1947.