On April 4, 2017 in Hong Kong, Sotheby's will auction the rarest, most vivid pink diamond cut dubbed as the Pink Star for a handsome sum of $60 million. Had this 59.60-carat gem been sold to Isaac Wolf, a New York-based diamond cutter, the Pink Star would have been the priciest diamond ever auctioned at $83.2 million.
But since Wolf called off the purchase in 2013, the pink diamond has remained in Sotheby's inventory.
Oppenheimer Blue diamond currently holds the world record (for having the priciest diamond cut auctioned) since Christie’s successfully sold the 14.62-carat intense blue stone for $57.5 million last May 2016 in Geneva, Switzerland.
If you answered “blue” earlier, you won the guessing game! But don’t fret if you thought it was pink. It could have been. And there’s a good reason to be hopeful for a turnaround. After all both diamond cuts are rated as “Fancy Vivid” (as you can tell, this describes the color saturation of the stone).
Not only that, Sotheby’s pink diamond is a promising gem. It’s rated “Internally Flawless” based on Diamond Clarity test done by experts. This means you won’t find small imperfections (inclusions) inside and blemishes on the surface of the diamond. Maybe that will keep your hopes up, Pink Star fans!
The quest for the most valuable diamonds is a long, endless journey. No matter how many times these gems change hands, their value only increases. It’s cliche but true: Diamonds are forever.
So it’s little surprise why moneyed celebrities put on this bling whenever they can. Have you seen a diamond pair of shoes? Or the super skimpy and shiny diamond bikini made by Susan Rosen? And who can forget Mariah Carey’s 35-carat diamond engagement ring?
Seen a ludicrously expensive thing you want us to feature on Uberexpensive? Share your finds in the comments.
UPDATE: The 59.6-carat pink diamond was sold for a whopping $71 million after Chow Tai Fook, a jewelry retailer, sealed the deal at the Sotheby's auction in Hong Kong on Tuesday, April 4, 2017. This doesn't only exceed the expected value of pink star (which was at $60 million), it also sets a new record as the most expensive diamond cut in the world.