Largest pink diamond expected to fetch $60 million at auction

NTD Staff
By NTD Staff
March 29, 2017World News

Sotheby’s will auction the largest pink diamond in the world next week. The diamond will go on auction in Hong Kong. At 59.60 carats, it’s the largest pink diamond in the world.

The diamond, known as the Pink Star, holds an estimated worth of $60 million. The diamond will be up for auction on April 4.

Sotheby’s sold its last record breaking diamond for $48.5 million in Geneva.

Quek Chin-yeow, Asia chairman of international jewellery, Sotheby’s, talked about why this diamond is unique.

“It’s also been graded by the GIA (Gemological Institute of America) to be one of the greatest treasures of the world, and of course it is the largest to-date of any vivid pink diamond. So that by itself is a very, very rare thing.

It’s also been exhibited in the Smithsonian Museum in Washington alongside a few of the other wonderful diamonds, and again at the Victoria and Albert Museum in London. So it comes with a great pedigree, of having been published and exhibited, and widely viewed.”

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