AFP, Hong Kong :
A plum-sized pink diamond is expected to break the world record for a gemstone early next month when it goes under the hammer in Hong Kong, Sotheby’s auction house said Wednesday.
The 59.60-carat “Pink Star” is the largest in its class ever graded by the Gemological Institute of America (GIA). But Sotheby’s was been forced to buy back the flawless diamond after a previous buyer defaulted on what was then a record sale in 2013.
That sale in Geneva saw a New York-based diamond cutter secure the stone for $83 million.
Sotheby’s is confident the “Pink Star” will again sell for a record price on April 4, somewhere above $60 million.
A plum-sized pink diamond is expected to break the world record for a gemstone early next month when it goes under the hammer in Hong Kong, Sotheby’s auction house said Wednesday.
The 59.60-carat “Pink Star” is the largest in its class ever graded by the Gemological Institute of America (GIA). But Sotheby’s was been forced to buy back the flawless diamond after a previous buyer defaulted on what was then a record sale in 2013.
That sale in Geneva saw a New York-based diamond cutter secure the stone for $83 million.
Sotheby’s is confident the “Pink Star” will again sell for a record price on April 4, somewhere above $60 million.
