Who own the Pink Star Diamond?

Who own the Pink Star Diamond?

After bidding from three clients, the diamond was sold to jewellery retailer Chow Tai Fook, who was on the telephone to Sotheby’s Asia CEO Kevin Ching, for a hammer price of 490 million Hong Kong dollars (US$63 million).

Is Pink Star Diamond rare?

It is thought that around 80% of the world’s pink diamonds now originate from the Argyle mine in Kimberley, Western Australia. Out of the mine’s 20 million carat annual output, only 0.1% are classified as pink diamonds, attesting to their rarity.

Where is the Pink Star Diamond now?

Hong Kong
The Pink Star diamond, which fetched the highest price ever for a jewel offered at auction, is displayed at Sotheby’s in Hong Kong on March 29.

Why is the Pink Star diamond so expensive?

Argyle Pink Diamonds are so expensive because of the very limited supply. A pink diamond is formed of only carbon like a white diamond, through millions of years in the kimberlite pipes of volcanoes. All of our Ethical Diamonds are natural stones with no treatments, contact us to purchase an Argyle Pink Diamond.

Who owns the largest pink diamond?

The Pink Star is the largest known diamond having been rated Vivid Pink. As a result of this exceptional rarity, the Beny Steinmetz Group called Steinmetz Diamonds took a cautious 20 months to cut the Pink….Pink Star (diamond)

Weight 59.60 carats (11.920 g)
Estimated value US$71.2 million (2017)

What is the most expensive gemstone ever sold?

FACT: The largest loose diamond in the world is the Paragon Diamond, weighing in at 137.82 carats, while the Pink Star Diamond is the most expensive gemstone to ever be sold at a whopping $83 million.

Is Black diamond rare?

Like other types of fancy color diamonds, black diamonds are extremely rare. Black diamonds are much more rare than colorless diamonds, which may come as a surprise if you’re familiar with these diamonds’ price points– black diamonds are much less expensive than colorless diamonds.

What is the rarest diamond Colour?

Red diamonds
Red diamonds are the rarest of the colored diamonds, with only 20-30 existing in the entire world. They get their beautiful red color from a rare process during their formation, which changes the crystal structure of the diamond and causes light to pass through it differently than colorless diamonds.

Is the pink Panther diamond real?

Mining giant Rio Tinto said Wednesday it has unearthed a “remarkable” 12.76 carat pink diamond in Australia, the largest of the rare and precious stones ever found in the resources-rich nation. The Williamson was discovered in Tanzania in 1947 and is ranked among the finest pink diamonds in existence.

How much was the Pink Star Diamond sold for?

The Pink Star Diamond has sold at auction in Hong Kong for a world recording breaking $71.2 Million USD. In just 5 minutes of intense bidding the highest bid surpassed the estimate price of $60 million with ease.

What kind of ring has a pink sapphire?

Stella Grace Lab-Created Pink Sapphire, Lab-Created Sterling Silver Lab-Created Pink Sapphire and Diamond Stella Grace Sterling Silver Ruby & White Sapphire

Are there any pink diamonds in the world?

Pink diamonds feature a lattice facet structure that results in a rainbow effect of pink, blue and red, giving them their much sought-after pink colour. The rarity of pink diamonds is reflected in the price of pink diamond engagement rings as only 1% of all the world’s diamonds are mined pink.

What does a pink diamond engagement ring mean?

Pink diamond engagement rings Strongly associated with femininity, pink symbolises love and romance, making pink diamond engagement rings a delicate and pretty choice. Pink diamonds feature a lattice facet structure that results in a rainbow effect of pink, blue and red, giving them their much sought-after pink colour.