‘Pink Star’ goes on Display Ahead of Auction

October 28th, 2013 by Noam Flint

When massive colored diamonds like the Pink Star take a turn in the limelight, they often become one of the biggest topics throughout the industry. That’s why, more than a month after the public got word of the massive diamond, jewelry lovers from across the world are still paying attention.

About the diamond

The Pink Star Flawless Vivid Pink Diamond by SothebysThe ‘Pink Star’ – 59.6 carat Flawless Vivid Pink Diamond. (Photo Sotheby’s)

Mined in Africa in 1999, this pink diamond was cut and polished for almost two years. Eventually weighing in at 59.6 carats, the oval-cut stone is the largest internally flawless fancy vivid pink diamond ever graded. It is expected to sell for more than $60 million, but before anything is finalized buyers around the world are scrambling to get a look at the stone.

Well pink diamonds, as you probably know, are extremely rare. They’re among the rarest of diamonds, and to have one like this, 59.6 carats, which has been graded … the highest possible color rating for a pink diamond, is off the scale of rare.

As David Bennett, chairman of Sotheby’s jewelry division in Europe and the Middle East, told VOA News.

The quality is indeed one of the aspects of the Pink Star that sets it apart. It surpasses any known vivid pink diamond in private or royal collections around the world.

Buyers get a glimpse

As one of the largest jewels of its kind to ever be discovered, the Pink Star provides an alluring option for many high-rollers throughout the world. Before it sells to a single bidder at the Nov. 13 auction in Geneva, Switzerland, prospective owners are getting a chance to see the stone in all its glory. It is currently on display in London.

“This is a very exciting diamond,” Bennett continued to The Guardian. “Apart from the words about how rare it is, it’s just such a beautiful stone. Pink diamonds, in my experience, are the most desired of all the colors. I’ve never shown a pink diamond to somebody who then hasn’t liked it. It’s a joyful color. It makes people happy.”

Already renowned for its transparency and purity, this pink diamond is poised to become one of the jewelry industry’s all-time top sellers. While the identity of the buyer won’t be known until the sale – if it is released at all – many of the world’s richest diamond lovers will certainly be on hand to evaluate the gem.