Initially estimated at $21m, the 11.15-carat Williamson Pink Star diamond was bought for $49.9m at Hong Kong public sale.
An 11.15-carat pink diamond has been bought for $49.9m in Hong Kong, setting a world report for the best worth per carat for a diamond bought at public sale.
Auctioned on Friday by Sotheby’s Hong Kong, the Williamson Pink Star diamond was initially estimated at $21m.
The gem attracts its identify from two legendary pink diamonds.
The primary is the 23.60-carat Williamson diamond which was offered to the late British Queen Elizabeth II as a marriage present in 1947; the second is the 59.60-carat Pink Star diamond that bought for a report $71.2m at public sale in 2017.
The Williamson Pink Star is the second-largest pink diamond to seem at public sale.
Pink diamonds are among the many rarest and most precious of the colored diamonds.
“When you think about an alluring hyperlink to Queen Elizabeth, the rising costs for pink diamonds because of their growing rarity, and the backdrop of an unstable international economic system, this diamond may show to be a really compelling proposal for the correct particular person,” stated Tobias Kormind, managing director of 77 Diamonds.
“Arduous belongings similar to world-class diamonds have a historical past of performing nicely. Among the world’s highest high quality diamonds have seen costs double during the last 10 years,” he stated.