The pink diamond is closed auction for $57.73 million in Hong Kong on Friday overnight, the most expensive diamond per carat ever sold.
The 11.15-carat Williamson Pink Star diamond sold at Sotheby’s auction. The $57.73 million price tag includes the seller’s fee. Without these costs, the price of the diamond is $49.9 million, or $4.475 million per carat. It had been It is estimated to sell for 21 million dollars.
The most expensive diamond ever sold per carat to date was the Oppenheimer Blue diamond, which sold for a hammer price of $51.3 million and came in at 14.62 carats, or $3.5 million per carat. according to Forbes.
“This is a remarkable result, showing the resilience of high-quality diamonds in a bad economy,” Tobias Kormind, managing director of 77 Diamonds, told The Associated Press.
“Hard materials such as high-quality diamonds have a history of performing well even when things are not stable,” he said. “Some of the highest quality diamonds in the world have seen prices double over the past decade.
The Williamson Pink Star diamond was cut from a 32.32-carat rough diamond found at the Williamson mine in Tanzania and is one of the “world’s cleanest, full” pink diamonds. according to Sotheby’s. It is set on an 18-carat pink, white and gold band. It is also the second-largest pink diamond of its kind to ever be sold, according to Sotheby’s.
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The Williamson mine, founded in 1940, is famous for producing pink diamonds, one of which came into contact with Queen Elizabeth II, according to Sotheby’s.
The most expensive diamond ever sold remains the 59.6-carat CTF Pink Star, which sold in 2017 for $71.2 million. according to Sotheby’s.
Distribution: The Associated Press