Pink diamond sells for $49.9m, breaks auction record

Assessed Value of the Diamond

Initially assessed at $21m, the 11.15-carat Williamson Pink Star Diamond was sold for a whooping $49.9m at an auction in Hong Kong. It also established a world record for the highest price per carat for a Diamond sold at an auction.

The Pink Diamond is a variety of Diamond displaying a pink hue. The origin of this pink tint sparks considerable debate within the gemological community. However, it’s often attributed to structural distortions that these Diamonds undergo during their formation.

Pink Diamonds have a place with a subcategory of Diamonds considered colorful Diamonds. The conventional name for all Diamonds that show any kind of color. Pink Diamonds range from flawless to included, as do white Diamonds.

Auctioned on Friday by Sotheby’s Hong Kong, the Diamond was initially assessed at $21m until it was auctioned this past week.

How the Diamond Got Its Name

The Diamond got its name from two incredible pink Diamonds. The first is the 23.60-carat Williamson Diamond which was introduced to the late English Queen Elizabeth II as a wedding gift in 1947; the second is the 59.60-carat Pink Star Diamond that sold for a record $71.2m at an auction in the year 2017.

The Williamson Pink Star is the second-biggest pink Diamond to show up at an auction.

“At the point when you consider a charming connect to Queen Elizabeth, the rising costs for pink Diamonds thanks to their rising rarity, and the backdrop of an unstable worldwide economy, this Diamond could end up being an extremely convincing proposal for the right person”

-Tobias Kormind, managing director of 77 Diamonds.

“Hard resources, for example, elite Diamonds have a past filled with performing well.

Leave a Reply

Your email address will not be published. Required fields are marked *