Flawless $75m pink diamond up for auction in Geneva
GENEVA (AFP) - Sotheby's on Wednesday showed off a 59.6-carat pink diamond that will be auctioned in the Swiss city of Geneva in November at a record asking price of US$60 million (S$75 million).
"The Pink Star", an internally flawless oval-cut vivid pink diamond, will become the most valuable diamond ever to be offered at auction, Sotheby's said.
"I have had the privilege of examining some of the greatest gemstones in the world over the past 35 years, and I can say, without hesitation, that 'The Pink Star' diamond is of immense importance," Mr David Bennett, chairman of Sotheby's jewellery division in Europe and the Middle East, said in a statement.
The shimmering pink, plum-sized diamond, which was 132.5 carats in the rough, was mined by De Beers in Africa in 1999 and cut and polished over a period of two years by Steinmetz Diamonds, the auction house said. When it was first unveiled to the public in 2003, it was called the "Steinmetz Pink", but it was renamed after it was first sold four years later.