59.60-Carat Pink Diamond Sold for A World Record of $83 Million

A new auction record has been created at Geneva Sotheby’s with the auction of enormous pink diamond now named ‘Pink Dream’.

The 59.60 carats oval diamond fetched a world record price of $83 million at Sotheby’s Geneva Magnificent Jewels sale. With that amount the stone became ‘the most valuable diamond auctioned ever.’

Pink-Diamond-Sold-for-A-World-Record-of-$83-Million

Mr. Isaac Wolf, a New York diamond cutter is the new owner of the stone. He renamed the vivid pink diamond the ‘Pink Dream’.

It is the best pink:

Before biding, the stone was introduced as ‘one of the most remarkable gems ever to appear at auction.’ It is graded as Type II a diamond, which is a rare grade for stones especially pink diamonds of this color and size. The color grade for the stone is fancy intense pink – highest for colored diamonds. Its crystal purity ranks among the top 2% of the best diamonds in the world.

‘Pink Dream’ according to David Bennett, the auctioneer at Sotheby, checks every single box in terms of rarity, quality, size and everything. “Even the Crown Jewels of England doesn’t have diamond this color and size.”

Previously 24.78 carat ‘Graff Pink’ diamond held the world auction record for any diamond and gemstone at $46.2 million. Bought by Laurence Graff, a London-based jeweler known as “The King of Diamonds”, from the auction at Sotheby’s Geneva in 2010, it was a fancy intense pink diamond.

24.78-carat-Graff-Pink-diamond

History of Pink Dream

The giant diamond was mined by De Beers in Africa in 1999. The rock in its rough state weighed 132.5 carats. It was cut and polished by Steinmetz Diamonds for two years and was exhibited to public in 2003 in Monaco by Danish Model Helena Christensen.

Later the then ‘Steinmetz Pink’ was privately sold for the first time in 2007 to an anonymous buyer and renamed to ‘The Pink Star’.

Options for You

Pink diamonds are a new rage in fine jewelry. Owing a huge rock like Pink Dream and Graff Pink is a big thing. They are a collector’s pick and worth treasuring. But for your everyday fashion, you need something less expensive and more designer. 56.60 carats are too big to adorn for a casual shopping spree or everyday office look. You can choose smaller sizes to enjoy the glamorous glow without compromising with your fashion quotient.

Round Natural Pink Diamond Flower PendantRound Natural Pink and White Diamond Flower Ring

A colored diamond ring, pendant or earrings can easily add panache to your beauty without emptying your pockets.

2 Comments

  • Reply December 20, 2013

    Universal Investment Holdings

    Your conversation is outstanding…it’s really necessary to me and for anyone.

    • Reply February 26, 2015

      Ankit Daga

      Thank you for the compliment Universal Investment Holdings. As an investment entity, you appreciate and understand the value of gemstones even more, especially the more exclusive ones. You may be surprised to hear, Angara has investment loos gemstones as well! You can never find too many things to invest in, it’s always great to diversify our portfolios, and diversify our jewelry.

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Editor-in-Chief, Marketing Manager and Personal Jeweler for Angara.