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Pink diamond sells for $49.9 million and breaks auction record

Originally estimated at $21 million, the 11.15-carat Williamson Pink Star diamond sold for $49.9 million at a Hong Kong auction.

An 11.15-carat pink diamond sold for $49.9 million in Hong Kong, setting a world record for the highest price per carat of a diamond sold at auction.

Auctioned on Friday by Sotheby’s Hong Kong, the Williamson Pink Star diamond was originally estimated at $21 million.

The gem takes its name from two legendary pink diamonds.

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The first is the 23.60-carat Williamson diamond that was presented to the late British Queen Elizabeth II as a wedding present in 1947; the second is the 59.60-carat Pink Star diamond that sold for a record $71.2 million at auction in 2017.

The Williamson Pink Star is the second largest pink diamond to appear at auction.

Pink diamonds are among the rarest and most valuable colored diamonds.

“When you consider an attractive link to Queen Elizabeth, rising prices for pink diamonds due to their ever-increasing rarity, and the backdrop of an unstable global economy, this diamond could make a very compelling proposition for the individual. adequate,” said Tobias. Kormind, CEO of 77 Diamonds.

“Hard assets, like world-class diamonds, have a track record of performing well. Some of the highest quality diamonds in the world have seen their prices double in the last 10 years,” he said.

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