The Williamson Pink Star diamond offered at public sale in Hong Kong for practically 58 million

Hong Kong:

A uncommon pink diamond has offered in Hong Kong for practically $58 million, setting a report for value per carat paid at public sale for any diamond or gemstone, in response to Sotheby’s.

The 11.15-carat Williamson Pink Star on Friday fetched HK$453.2 million ($57.7 million), the second-highest value paid at public sale for any jewel, Sotheby’s added.

The profitable bid, by an undisclosed purchaser from Boca Raton, Florida, was greater than twice the estimated $21 million sale value.

The stone was the second-largest pink diamond to be offered at public sale. Pink diamonds are the rarest of the dear gems and probably the most in-demand on the worldwide market.

The world report for a pink diamond was set in 2017, when a stone often known as the CTF Pink Star was offered in Hong Kong for $71.2 million.

Friday’s sale “not only attests to the resilient demand for top quality diamonds in Asia, but a heightened awareness of the great scarcity of pink diamonds”, stated Wenhao Yu, chairman of jewelry and watches at Sotheby’s Asia.

The Williamson Pink Star was named after two different pink diamonds: the record-setting CTF Pink Star and the Williamson Stone, a 23.6-carat diamond given as a marriage current to Queen Elizabeth II in 1947.

Tobias Kormind, managing director of UK jewel retailer 77 Diamonds, stated the “astounding” sale proved high-quality diamonds might nonetheless fetch main costs in a shaky economic system.

“Hard assets such as world-class diamonds have a history of performing well even in times of instability,” he stated.

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