HONG KONG –
A pink diamond sold for US$49.9 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond at auction.
The 11.15-carat Williamson Pink Star diamond, sold at auction by Sotheby’s Hong Kong, sold for HK$392 million ($49.9 million). It was originally estimated at $21 million.
The Williamson Pink Star takes its name from two legendary pink diamonds. The first is a 23.60-carat Williamson diamond given to the late Queen Elizabeth II as a wedding gift in 1947, while the second is a 59.60-carat Pink Star diamond that sold for a record price. record $71.2 million in 2017 auction.
The Williamson Pink Star is the second largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable of the colored diamonds.
“This is an amazing result that demonstrates the resilience of top diamonds in a faltering economy,” said Tobias Kormind, chief executive officer of 77 Diamonds.
“Hard assets like world-class diamonds have a history of performing well even in uncertain times,” he said. “Some of the world’s highest quality diamonds have doubled in price over the past 10 years.”