Search

The $60 million ‘Pink Star’ Diamond Is About to Go on the Auction Block

Mar 20, 2017

A 59.60-carat mixed cut diamond known as "The Pink Star" will be auctioned in Hong Kong next month by Sotheby's which said it could fetch upwards of $60 million to make it the most expensive diamond of its kind ever sold.

The pink diamond is the largest Internally Flawless Fancy Vivid Pink diamond ever graded by the Geological Institute of America (GIA), yet the sparkling stone is still small enough to fit onto a ring, the auction house said.

Sotheby's said that the diamond, which was initially mined by De Beers in 1999 as a 132.5 carat rough diamond before being cut and polished, was the most valuable polished diamond ever offered at auction.

"The extraordinary size of this 59.60-carat diamond, paired with its richness of color, surpasses any known pink diamond record in history," said David Bennett, worldwide Chairman of Sotheby's Jewellery Division.

The auction will take place in Hong Kong on April 4.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions