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‘Pink Star’ Diamond Sells For World Record $83 Million

Nov 14, 2013

 

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. The oval-shaped diamond, mounted on a ring, weighed in at 59.60 carats.

Our own Ron Samuelson was impressed by the sale of this diamond as well, saying, “The price realized on this rare diamond is incredible. Prices on colored diamonds continue to be extremely strong and there is no end in sight. This demonstrates that there are investors who believe in the strength of the diamond market long term.”

What do you think of this diamond? What would you do with 59.60 carats?

CREDIT: REUTERS/TYRONE SIU/FILES

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