Monday 20 November 2017

Record sale of rare pink diamond

A rare pink diamond fetched 45.44m Swiss francs (e33.82m) yesterday, virtually doubling the previous record to become the most expensive stone ever sold at auction, Sotheby's auction house said.

The rectangular pink diamond, which weighs 24.78 carats and is about the size of a pinball, was the star lot among 550 on the block at semi-annual jewellery sales in Geneva.

Top diamond trader Laurence Graff was the buyer, bidding by telephone, a Sotheby's official said.

"It is a world record price for a jewel at auction," said David Bennett of Sotheby's as he brought down the hammer.

"It's like pink champagne," he said before the sale.

Previously, the world's most expensive jewel sold at auction was the "Wittelsbach" blue diamond, a 17th-century stone of 35.56 carats that fetched $24.3m (e18m) in December 2008 at rival auctioneer's Christie's.

Irish Independent

Promoted Links

Today's news headlines, directly to your inbox every morning.

Promoted Links

Editors Choice

Also in World News