Pink Star Diamond Auctions for $83 Million Record

On Tuesday November 13th, the Pink Star diamond set a new world record of $83 million in Geneva for the highest price ever paid for a diamond or jewel at auction.

Originally mined in Africa in 1999, the extraordinary 132.5 carat rough stone took two years to cut into the marvelous 59.60 carat oval shaped diamond seen today. It’s the second largest Type IIa pink diamond in its caliber – over twice the size of the Graff Pink diamond. The Pink Star is prized as being the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America (GIA).

A well-known New York based diamond cutter was the buyer and renamed the natural beauty to the Pink Dream. The theme song to Pink Panther was befittingly played as the auction came to a close.