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Saturday 18 November 2017

Whole lotta love: Huge pink diamond sells for record $83m

An enormous diamond known as the Pink Star has sold for more than $83m (€62m) at an auction in Switzerland, far surpassing its expected price.

Sotheby's said the sale of the vivid and flawless 59.60-carat pink diamond in Geneva is the highest price ever paid for a gemstone at auction.

Prior to the sale to the successful bidder, representing an anonymous buyer, the diamond was estimated to fetch more than $60m .

The sale came a day after the largest fancy vivid orange diamond ever sold at auction went for $35.5m at a Christie's auction.

The auctions at Geneva's lakeside hotels draw well-heeled buyers from around the world seeking expensive jewels, artwork, wine and watches.

The Pink Star went for $83m
The Pink Star went for $83m

Press Association

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