Monday, March 20, 2017

Carbon Markets: The 59.60 Carat Pink Star Diamond Is Going Back To Auction

Nothing is forever.
Except maybe Neil Diamond.

We have a fancy for some of the colored fancies and this is one of the top rocks in the world.

From Art Market Monitor:

Sotheby’s Brings ‘Pink Star’ Diamond to Hong Kong
Sotheby’s announced today that it is bringing back the Pink Star diamond to the marketplace. The nearly 60ct Flawless Fancy Vivid Pink diamond was originally sold in Geneva three and a half years ago for a record price of $83m. Then the buyer reneged on his bid and Sotheby’s—which had guaranteed the stone for a reported $60m—took the diamond into inventory....MORE

Sept. 2013
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
November 2013
'Pink Star' Diamond Sells for World Record $83 million at Sotheby's Geneva

Here's the catalogue entry for lot 372 at the 2013 Geneva auction.

Possibly also of interest:
May 2013
Rio Tinto's Extremely Rare Red Diamonds (RIO)

June 2014
122.52 Carat Blue Diamond Found In South Africa (PDL.L)

The 122.5 carat diamond discovered by Petra

And the first time I used the Neil Diamond line: 

"Have You Ever Tried to Sell a Diamond?"