Hong Kong – A pink diamond sold for $57.7 million in Hong Kong on Friday, the highest price per carat in the world for a diamond sold at auction.
The 11.15-carat Williamson Pink Star diamond, which sold at Sotheby’s Hong Kong auction, has fetched HK$392 million ($57.7 million). It was originally estimated at $21 million.
The Williamson Pink Star derives its name from two legendary pink diamonds. The first is the 23.60-carat Williamson diamond that was given to the late Queen Elizabeth II as a wedding gift in 1947, while 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 ever to appear at auction. Pink diamonds are among the rarest and most valuable colored diamonds.
“This is an amazing result, proving the resilience of the best diamonds in a fragile economy,” said Tobias Kormend, managing director of 77 Diamonds.
“Hard assets like world-class diamonds have a history of performing well even in times of instability,” he said. “Some of the highest quality diamonds in the world have seen prices double over the past 10 years.”
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