x

Society

Pink Diamond Sells for Record $49.9M at Hong Kong Auction

October 9, 2022

HONG KONG — A pink diamond was sold for $49.9 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction.

The 11.15-carat Williamson Pink Star diamond, auctioned by Sotheby’s Hong Kong, sold for $392 million Hong Kong dollars ($49.9 million). It was originally estimated at $21 million.

The Williamson Pink Star draws its name from two legendary pink diamonds. The first is the 23.60-carat Williamson diamond which was presented to the late Queen Elizabeth II as a wedding gift in 1947, while the second is the 59.60-carat Pink Star diamond that sold for a record $71.2 million at auction in 2017.

The Williamson Pink Star is the second-largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable of the colored diamonds.

“This is an astounding result, proving the resilience of top diamonds in a shaky economy,” said Tobias Kormind, managing director of 77 Diamonds.

“Hard assets such as world-class diamonds have a history of performing well even in times of instability,” he said. “Some of the world’s highest quality diamonds have seen prices double over the last 10 years.”

RELATED

COLORADO SPRINGS, Colo. (AP) — When officials unfurled a 25-foot rainbow flag in front of Colorado Springs City Hall this week, people gathered to mourn the victims of a mass shooting at a popular gay club couldn't help but reflect on how such a display of support would have been unthinkable just days earlier.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Search Effort Intensifies after Indonesia Quake Killed 271

CIANJUR, Indonesia — More rescuers and volunteers were deployed Wednesday in devastated areas on Indonesia's main island of Java to search for the dead and missing from an earthquake that killed at least 271 people.

ATHENS - Prime Minister Kyriakos Mitsotakis paid a visit on Saturday to the Police Station of Kallithea, the southwestern suburb of Athens, which houses an Operational Office dealing with domestic violence of a network of 18 such centers incorporated in police stations.

COLORADO SPRINGS, Colo. (AP) — When officials unfurled a 25-foot rainbow flag in front of Colorado Springs City Hall this week, people gathered to mourn the victims of a mass shooting at a popular gay club couldn't help but reflect on how such a display of support would have been unthinkable just days earlier.

NANTUCKET, Mass. (AP) — The Biden family's tradition of eating lunch, shopping and watching a Christmas tree lighting in downtown Nantucket on Friday became mostly about keeping the president's 2-year-old grandson from having a meltdown.

AL KHOR, Qatar (AP) — Respect achieved.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.