Tuesday, 27 September 2016

8.4 carat purple pink diamond brings $17.8 million

In late 2014 a fancy vivid pink diamond set a new record. The pear-shaped, 8.41-carat stone had been expected to fetch $15.5 million, but ended up selling for $17.77 million in Hong Kong. The identity of the buyer wasn’t disclosed.

The combination of the pink diamond’s internally flawless clarity with its “fancy vivid” color grade, a category designating the diamond as having the highest concentration of color, made the stone rare and valuable.

Quek Chin Yeow, deputy chairman of Sotheby’s Asia, said that the diamond "attracted keen competition before fetching HK$137.88 million (US$17.77 million) and setting a world auction record for a fancy vivid pink diamond."