Rare Pink Diamond to be Auctioned on 4th April

Rare Pink Diamond to be Auctioned on 4th April

A 59.6 carat pink diamond is tipped to be the most expensive diamond ever auctioned when it is up for sale next month. Sotheby’s plans to auction the “Pink Star” diamond at its sale in Hong Kong on 4th April. The auction house has estimated that it will sell for more than $60 million.

“The auction house has estimated that it will sell for more than $60 million.”

~ CNBC

The diamond however contains a story that makes it intriguing. In 2014, it was sold for $83.2 million but its winning bidder by the name of Isaac Wolf failed to pay up after his investors backed out, leaving the diamond unsold. It was subsequently returned to Sotheby’s.

Related Reports: CNBC, Forbes

 

About Sotheby’s 

Sotheby’s is an innovative global art business serving the most discerning clients. Auctioneers since 1744, today Sotheby’s is so much more, offering clients extraordinary opportunities to transact: S|2 private sales galleries, worldwide selling exhibitions, retail wine and diamonds, financing, art education and digital engagement any time, anywhere, on any device. We bring a world of art to a new world.

Visit: Sotheby’s 

 

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The 59 Carat “Pink Star” Diamond

The 59 Carat “Pink Star” Diamond

The “Pink Star” Diamond which weighs 59 carats has recently been the centre of Sotheby’s new partnership with two other firms. The diamond is known as the largest fancy vivid, internally flawless, pink diamond ever graded by the Gemological Institute of America (GIA).

“The diamond is known as the largest fancy vivid, internally flawless, pink diamond ever graded by the Gemological Institute of America.”

~ Luxury Insider

The diamond is currently in Sotheby’s inventory. While the auction house previously valued the oval-cut diamond at an estimate of $72 million, the financial details of the stone or its eventual fate has not been disclosed.

Related Reports: Luxury Insider, Forbes

 

About Sotheby’s

Sotheby’s is an innovative global art business serving the most discerning clients. Auctioneers since 1744, today Sotheby’s is so much more, offering clients extraordinary opportunities to transact: S|2 private sales galleries, worldwide selling exhibitions, retail wine and diamonds, financing, art education and digital engagement any time, anywhere, on any device. We bring a world of art to a new world

Visit: Sotheby’s


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency