Pink diamond fetches record US$17.8 million at HK auction

A magnificent, flawless pink diamon sold yesterday for a record US$17.7 million in Hong Kong late Tuesday, Sotheby’s said. The auction house said the internally flawless 8.41-carat stone had been expected to go under the hammer for up to US$15.5 million.The pear-shaped stone had “attracted keen competition before fetching a wonderful price of HK$137.88 million (US$17.77 million) and setting a world auction record for a fancy vivid pink diamond”.

Internally flawless clarity is extremely rare in pink diamonds. This, in combination with its “fancy vivid” colour grading, made the stone “amongst the rarest and most desirable of coloured diamonds ever seen at auction”. Diamonds in the “fancy vivid” category are considered as having the highest possible concentration of colour.

Record 17.7 million for vivid pink diamond at Sothebys Hong Kong (AFP photo)