{"id":465650,"date":"2017-04-04T12:11:37","date_gmt":"2017-04-04T12:11:37","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=465650"},"modified":"2017-04-04T12:11:37","modified_gmt":"2017-04-04T12:11:37","slug":"pink-star-diamond-breaks-world-record-at-71-2-million-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=465650","title":{"rendered":"Pink Star diamond breaks world record at $71.2 million"},"content":{"rendered":"

By analyst<\/a><\/span> <\/p>\n

\"Pink<\/a><\/div>\n

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

<\/div>\n

The largest, most perfect pink diamond to have ever been offered at auction has sold for $71.2 million at a Sotheby’s auction Tuesday in Hong Kong, setting a new world record for any diamond or jewel, according to the auction house.<\/p>\n

Described as one of \u201cthe earth’s greatest natural treasures\u201d, the oval-cut 59.6-carat \u201cPink Star\u201d is the largest internally flawless pink diamond that the Gemological Institute of America (GIA) has ever graded.<\/p>\n

Until now, the most expensive diamond ever sold at auction was the \u201cOppenheimer Blue,\u201d which fetched 56.8 million Swiss francs (more than $57 million at the time) last May. The previous world auction record for a pink diamond was $46.2 million for the 24.78 carat \u201cGraff Pink\u201d in 2010.<\/p>\n

First unveiled to the public in 2003, the Pink Star was called the \u201cSteinmetz Pink,\u201d but it was renamed after it was first sold for an undisclosed sum in 2007.<\/p>\n

The Pink Star is graded as Type IIa, which is rare for any pink diamond, much less one of this size. (Photo: Sotheby’s)<\/p>\n

In 2013, the diamond broke a new world record price for a gemstone at auction by fetching $83.2 million in Geneva, way above the $60 million experts had predicted.<\/p>\n

Not long after the sale, however, rumours began to spread that the consortium of buyers, led by diamond cutter Isaac Wolf, defaulted on the deal. In February 2014, Sotheby’s confirmed those unofficial reports and said the diamond was again part of its inventory, valued at approximately $72 million.<\/p>\n

The Pink Star, originated from a 132.5-carat rough mined by De Beers in 1999, is more than twice the size of the 24.78-carat \u201cGraff Pink\u201d diamond that set the world auction record for a diamond, gemstone or jewel when it was sold at Sotheby’s Geneva in 2010 for $46.2m, the auction house said.<\/p>\n

The post Pink Star diamond breaks world record at $71.2 million appeared first on MINING.com.<\/p>\n

\u2026read more<\/a> <\/p>\n

Source:: Infomine<\/a><\/p>\n

The post <\/a>Pink Star diamond breaks world record at $71.2 million<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By analyst By Cecilia Jamasmie The largest, most perfect pink diamond to have ever been offered at auction has sold for $71.2 million at a Sotheby’s auction Tuesday in Hong Kong, setting a new world record for any diamond or jewel, according to the auction house. Described as one of \u201cthe earth’s greatest natural treasures\u201d, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/465650"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=465650"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/465650\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=465650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=465650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=465650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}