Rare Pink Diamond Hammered for $32-M in Hong Kong

Tuesday, a large oval-shaped diamond known as the “Pink Promise” was sold to an anonymous buyer for $32-M in Hong Kong, just shy of shattering a world auction record.

The 14.93-carat vivid pink diamond went for a final price of HK$249,850,000, which comes to $2.14 -M/carat, to an international private collector at Christie’s Fall sale.

The price fell short of breaking the previous world auction record for the most expensive pink diamond per carat, which was set in Y 2009 when a cushion-shaped fancy vivid pink diamond went under the hammer for $2.155-M/carat.

“The colour of the stone was at the very top end of the pink diamonds, for pink. The size was very important, almost 15 carat, so you have an important size, a top colour, absolutely clean stone and beautifully cut. So all of those elements together factored into the perfect masterpiece helped us achieve this price,” said Christie’s International Head of Jewelry.

The world record price paid per carat is $4.03-M for the Blue Moon of Josephine, a 12.03-carat, cushion-shaped fancy vivid blue diamond that Hong Kong tycoon Joseph Lau bought in a Y 2015 Sotheby’s (NYSE:BID) auction, according to the Guinness World Records. Lau named the $48.5-M diamond after his daughter.

Stay tuned.

  auction, BID, Christie’s, diamond, Hong, Kong, Pink, record

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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