Pink Diamond Offered For $49.9 Million, Breaks Public sale Document enterprise and economic system

Initially estimated at $21m, the 11.15-carat Williamson Pink Star diamond was bought at a Hong Kong public sale for $49.9m.

An 11.15-carat pink diamond has been bought in Hong Kong for $49.9 million, setting the world document for the best worth per carat for a diamond bought at public sale.

Auctioned on Friday by Sotheby’s Hong Kong, the Williamson Pink Star diamond was initially valued at $21m.

The identify of the gemstone is derived from two well-known pink diamonds.

The primary is the 23.60-carat Williamson diamond that was introduced as a marriage reward to the late British Queen Elizabeth II in 1947; The opposite is the 59.60 carat Pink Star diamond which is a . bought in Document $71.2m at public sale in 2017,

Williamson Pink Star is the second largest pink diamond to return up for public sale.

pink diamonds among the many rarest And probably the most useful of the coloured diamonds.

“When you think about a profitable hyperlink to Queen Elizabeth, the rising costs of pink diamonds. Due to their growing rarity and the backdrop of a unstable international economic system, this diamond might show to be a really engaging proposition for the correct particular person, Tobias stated. Cormind, Managing Director of 77 Diamonds.

“Exhausting belongings like world-class diamonds have a historical past of performing nicely. Costs for a number of the world’s highest high quality diamonds have greater than doubled up to now 10 years,” he stated.

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