Belfast Telegraph

Saturday 19 April 2014

Pink diamond sold for record price

Model Annabeth Murphy-Thomas shows the Pink Star Diamond, which has sold for 52 million pounds at Sotheby's

An enormous diamond known as the Pink Star has sold for more than 83 million US dollars (£52 million) at an auction in Switzerland, far surpassing its expected price.

Sotheby's said the sale of the vivid and flawless 59.60-carat pink diamond in Geneva is the highest price ever paid for a gemstone at auction.

Prior to the sale to the successful bidder, representing an anonymous buyer, the diamond was estimated to fetch more than 60 million US dollars (£37.6 million).

The sale came a day after the largest fancy vivid orange diamond ever sold at auction went for 35.5 million US dollars (£22.3 million) at a Christie's auction.

The auctions at Geneva's lakeside hotels draw well-heeled buyers from around the world seeking expensive jewels, artwork, wine and watches.

The exact sale price of the Pink Star was 76.325 million Swiss francs (£52.076 million).

AP

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