The Pink Star to lead Sotheby’s sale in Hong Kong

The Pink Star one of the world’s great natural treasures, will lead Sotheby’s sale of magnificent jewels and jadeite in Hong Kong. The sale will take place on 4 April 2017. The 59.60-carat oval mixed-cut pink diamond is the largest Internally Flawless Fancy Vivid Pink diamond that the Gemological Institute of America (GIA) has ever graded. It carries an estimated price in excess of US$60 million.

The Pink Star has received the highest colour and clarity grades from the GIA for pink diamonds and has been found to be part of the rare subgroup comprising less than 2% of all gem diamonds - known as Type IIa. Mined by De Beers in Africa in 1999, the 132.5-carat rough diamond was meticulously cut and polished over a period of two years and transformed into this stunning gemstone. According to the records of the GIA Laboratory, the Pink Star is the largest Flawless or Internally Flawless, Fancy Vivid Pink, Natural Colour, diamond they have graded in a letter issued in April 2016.

David Bennett, Worldwide Chairman of Sotheby’s Jewellery Division said, “At a time of unprecedented demand for the finest in colored diamonds, I am delighted to be brining this magnificent stone back to the market. The extraordinary size of this 59.60-carat diamond, paired with its richness of color, surpasses any known pink diamond record in history.”

QUEK Chin Yeow, Deputy Chairman, Asia, and Chairman International Jewellery, Asia said, “Over the years, Sotheby’s Hong Kong has played host to many outstanding stones and sales; including the 118.28-carat oval D-colour flawless diamond sold in Oct 2013, the still-current world auction record for any white diamond, as well as the fancy vivid blue 10.10-carat De Beers Millennium Jewel 4 which set a record for any jewel sold at auction in Asia in April 2016. The market for the world’s finest diamonds and gem stones remains buoyant and Sotheby’s Hong Kong is honoured to present at auction the Pink Star this spring following these world records.”