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Sunday 4 December 2016

Rare pink diamond sold for £14.8m

Published 30/11/2010 | 08:40

A rare pink diamond has sold at an auction for more than £14.8 million in Hong Kong
A rare pink diamond has sold at an auction for more than £14.8 million in Hong Kong

A rare pink diamond has sold at an auction for more than 23 million US dollars (£14.8 million) in Hong Kong, making it the most expensive jewel ever sold in Asia.

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Auction house Christie's said the rare 14.23 carat diamond, named The Perfect Pink, sold for 23,165,968 US dollars to an anonymous buyer after an intense bidding war with four others.

The selling price is higher than the 14 million to 19 million US dollars it was expected to fetch.

It fell short of the 46 million US dollars (£29.6 million) another pink diamond measuring 24.78 carats sold for in Geneva in mid-November. That sale smashed the world record for the selling price of a jewel at auction.

Christie's said only 18 diamonds bigger than 10 carats and showing a distinct pure pink colour have ever gone on the block in 244 years of auction history.

Press Association

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