The Pink Star diamond was sold for USD 71.2 million in Hong Kong.
PINK STAR – After being sold for USD 71.2 million in Hong Kong, the ‘Pink Star’ giant diamond breaks the record set by the ‘Oppenheimer Blue’ in May 2016.
Based on a recent report in MSN, the ‘Pink Star’ is a 59.60-carat giant diamond that was sold to Chow Tai Fook jewelry chain in Hong Kong. It is oval-cut and it measures 2.69 by 2.06 centimeters. It weighs 11.92 grams.
It broke the record previously set by the ‘Oppenheimer Blue’ which was sold by Christie’s in Geneva for USD 57.54 million in May 2016.
According to MSN, after the sale transaction, the Asia chairman Patti Wong expressed that “Sotheby’s Hong Kong is very proud” for the record set.
David Bennett, the worldwide chairman for international jewelry of Sotheby’s tagged it as a ‘historic sale’. Three bidders joined the bidding which started at USD56 million.
Based on the report, the family of the wealthy man who chairs the jewelry group, Henry Cheng, is included in Forbes’ list of wealthy people in Hong Kong. Cheng’s family is on the 3rd spot with USD 17.9 billion.
Although they are not too prominent in the West, the jewelry group has a large store in China and it has branches in other Asian countries such as Malaysia, Hong Kong, Taiwan, Macau, and Singapore.
The now-tagged as ‘World’s Most Expensive Diamond’ was sold for an unrevealed amount to unknown buyer before.
Sotheby has expressed before that Hong Kong is the right venue for the sale of the diamond. Wong said that the country has again “proven itself” to be the center of the “international sale.”
According to the report, Sotheby shared that it was in 1999 when De Beers in South Africa which mined the giant diamond. Steinmetz Diamond then cut and polished it.
It was in 2003 when the public witness the unveiling of the diamond which was tagged as “Steinmetz Pink”. Based on the report, it was in Coconuts when the sale about the Pink Star first appeared.