Tue, Jun 7, 2016
Sotheby’s has reportedly found a buyer for the world’s most valuable diamond, which is said to be worth at least $15 million more than a record-setting blue diamond which sold for $57.5 million recently.
Two jewellers – Diacore and Mellen – have acquired an ownership interest in the remarkable Pink Star diamond, a report from Forbes said.
Quoting a statement from the auction house, the report said that “the three parties have formally partnered to achieve the value of the 59.60-carat stone, which Sotheby’s holds in its inventory”.
Sotheby’s had previously estimated the value of the Pink Star at $72 million which is the largest internally flawless, fancy vivid pink diamond ever graded by the Gemological Institute of America (GIA).
Sotheby’s sold the diamond for a world record price of $83 million at an auction in Geneva in November 2013 to diamond cutter Isaac Wolf but a few months later revealed that Wolf and his investors had defaulted on the sale.
The auction house paid the diamond’s seller $60 million, which was the guaranteed price and the diamond remains in Sotheby’s inventory valued at approximately $72 million, the report said
Currently, the world’s most valuable diamond sold at auction is the 14.62-carat Oppenheimer Blue, which sold for $57.5 million at a Christie’s Geneva sale in May this year.
-
Breitling opens largest boutique in Middle East
Wed, Aug 16, 2023 -
Fabergé adds new ring to Game of Thrones collection
Sun, Aug 13, 2023 -
Jaeger-LeCoultre offers sparkling new timepieces
Thu, Aug 10, 2023 -
OMEGA celebrates summer with pop-up boutiques
Thu, Aug 3, 2023 -
Audemars Piguet offers Royal Oak Selfwinding in white ceramic
Tue, Aug 1, 2023 -
OMEGA celebrates an icon with 11-watch collection
Tue, Jul 18, 2023 -
Dates announced for next Watches and Wonders Geneva
Mon, Jul 10, 2023 -
Breguet offers Marine Hora Mundi at Only Watch
Mon, Jul 3, 2023 -
OMEGA’s three new watches to time the world
Wed, Jun 14, 2023 -
$20m Time Treasure
Spring/Summer 2023 -
A Tribute to Travel
Spring/Summer 2023 -
In Unique Shades
Spring/Summer 2023 -
Jewels of the Emirates opens in Sharjah
Thu, Jun 1, 2023 -
Vacheron Constantin novelties revealed in Abu Dhabi
Sun, May 28, 2023 -
Breitling marks 70 years of Co-Pilot with 3 new releases
Thu, May 25, 2023