A 59.60-carat pink diamond, known as the Pink Star Diamond, will go under the hammer on April 4th in Hong Kong as part of Sotheby’s Magnificent Jewels auction. Experts estimate that this exceptional gem could fetch an astonishing $60 million.
What Makes the Pink Star Diamond So Valuable?
The Pink Star is the largest Internally Flawless, Fancy Vivid Pink diamond ever graded by the Gemological Institute of America (GIA). With its oval mixed cut and intense saturation, the diamond is unmatched in both quality and rarity.
A Diamond Years in the Making
Mined by De Beers in 1999, the Pink Star originally weighed 132.5 carats in its rough form. Because of its incredible value and unique characteristics, it took nearly two years to carefully plan, cut, and polish the diamond into its final shape.
Pink Star’s Auction History
Interestingly, this isn’t the first time Sotheby’s has offered the Pink Star Diamond for sale. Back in 2013, the gem was sold for $83 million at a Sotheby’s auction in Geneva. However, that sale later fell through when the buyer failed to complete the transaction, and the diamond returned to Sotheby’s possession.
Sotheby’s on the Pink Star
David Bennett, Chairman of Sotheby’s Jewellery Division, expressed excitement about the auction:
“At a time of unprecedented demand for the finest in coloured diamonds, I am delighted to be bringing this magnificent stone back to the market.”
He added, “The extraordinary size of this 59.60-carat diamond, paired with its richness of colour, surpasses any known pink diamond recorded in history.”
Explore More at Icecool Diamonds
At Icecool diamonds, we specialise in rare and timeless gems inspired by legendary stones like the Pink Star. While we don’t deal in auction diamonds, our bespoke designs reflect the beauty and brilliance of world-class gems.
Browse our bespoke jewellery – You Dream, We Create
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Final Thoughts
The Pink Star Diamond remains one of the world’s most iconic gemstones. Its journey—from being mined by De Beers to potentially becoming the highest-priced pink diamond ever sold—continues to captivate collectors and diamond enthusiasts alike.
