You Thought the Rio Tinto Red Diamonds Were Baubles, You Dismissed the 118 Carat 'Perfect' Being Auctioned Tomorrow as Crass, Perhaps Monsieur et Madame Would be Interested In...

...The Pink Star

From Bloomberg:
Sotheby’s to Auction $60 Million Pink Diamond in Geneva

A 59.60-carat pink diamond is estimated to raise more than $60 million, a record for any gemstone at auction, when it is sold in Switzerland in November.

The oval-cut stone, the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America (GIA), will be sold by Sotheby’s (BID) in Geneva on Nov. 13, the New York-based auction house said today in a statement.

The sale of the ``Pink Star” will follow a Sotheby’s auction in Hong Kong in October containing a white and a blue diamond valued at more than $28 million and $19 million each.

“This is a good time to sell important stones at auction,” the Karlsruhe-based jewelry dealer Otto Jakob said in an interview. “Wealthy people with a lot of cash fear their money is endangered. They’re putting it into goods."...MORE

Previously:
Rio Tinto's Extremely Rare Red Diamonds (RIO)

Carbon: "Perfect" Rock Expected to Fetch $35 Million At Auction