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
Read The Latest News From Samuelson's
History of The Diamond as an Engagement Ring
History of The Diamond as an Engagement Ring If you’ve ever heard Beyonce’s “Single Ladies,” you’re familiar with the refrain, “If you liked it, then you shoulda put a ring on it.” But where does the idea of putting a ring on it come…
The Scoop on Precious Metals
Scoop on Precious Metals Just about every piece of jewelry contains a precious metal. Same goes for old coins, watches, and silverware. But what makes them “precious” exactly? Precious metals are elemental metals that are naturally occurring…
Hand Sanitizer and Fine Jewelry
Hand Sanitizer and Fine Jewelry Chances are, you have hand sanitizer in your purse, pocket, or glove compartment — and with good reason! With the Covid-19 pandemic still hanging around, better safe than sorry. However, one thing most people haven’t…