It’s called the Pink Star, and one look will tell you why…
We love a good gawp at some million dollar gemstones; mostly because it’s the closest we’ll ever get to touching one, nevermind owning one outright. If you’re feeling the current trend for coloured gem engagement rings, or pink diamonds in particular, then this one should set your heart racing.
The Pink Star diamond originates from a DeBeers mine in South Africa, and has already made headlines in the past. It was unearthed in 1999 weighing 132.5 carats as a rough stone, and even as a cut and polished 59.60 carat gemstone, it’s the largest known internally flawless, GIA graded example of a Vivid Pink diamond. Needless to say, it was a very, very rare find. Originally named the Steinmetz Pink, it took 20 months to cut into it’s oval, mixed cut, internally flawless present shape – so it wasn’t until 2003 that it was first unveiled to the world.
After some exhibitions and showcases in various exotic corners of the world, the Pink Star was finally put up for auction back in 2013. Then came it’s second world record; it was auctioned by Sotheby’s in Geneva for a sum total of $83,187,381 US dollars, including commision fees. It smashed all previous auction records for diamonds of any colour or, in fact, for any gemstone at all. The new owner was legendary New York diamond cutter Isaac Wolf, who renamed it the Pink Dream.
But. According to Forbes, Isaac never settled the auction price, so Sotheby’s was forced to buy the diamond itself and add it to the company’s inventory. To offset some of the risk, they sold an ownership interest in the diamond to two other partners last year and finally decided to auction it once again in September.
The result? A success… mostly. Hong Kong conglomerate Chow Tai Fook purchased this otherworldly stone for $71.2 million US dollars… less than it’s first sale, but since it’s first sale is now void it still broke all of the aforementioned records. The company has renamed it the CTF Pink Star Diamond, will be used to commemorate their 88th anniversary.
Take a moment to enjoy this incredible beauty, go on.