'Pink Star' diamond sells for world record $83 million in Geneva

Wed Nov 13, 2013 7:35pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

By Stephanie Nebehay

GENEVA (Reuters) - The "Pink Star", a flawless pink diamond the size of a plum, sold for 76.3 million Swiss francs ($83.02 million) in Geneva on Wednesday, a world record price for a gemstone at auction, Sotheby's said.

"The diamond was bought by Isaac Wolf and the diamond has been renamed The Pink Dream," said Matthew Weigman, Sotheby's worldwide director of sales communications.

Wolf, a New York-based diamond cutter, was represented by a bidder in the room and Sotheby's said the final sale price included the "buyer's premium," or commission fees.

In all, four people, including two Asian clients, bid on the oval-shaped diamond, which was mounted on a ring and weighed 59.60 carats, he said.

As Sotheby's auctioneer David Bennett brought down the hammer in the Geneva salesroom, applause erupted. "You'll forgive me," he said, as the theme song from the "Pink Panther" was played.

The Pink Star was the star lot at Sotheby's jewels sale in Geneva, held in a heavily guarded hotel showroom.

'HISTORIC SALE'

It was the highest jewelry sale total for a single auction in history - $199.5 million, Sotheby's said.   Continued...

 
Model Annabeth Murphy-Thomas poses with The Pink Star diamond at Sotheby's auction house in central London in this October 24, 2013 file photo. REUTERS/Toby Melville/Files