Pink Star diamond fetches record $83m at auction

Staff Writer

A diamond known as the Pink Star has sold for $83m (£52m) at auction in Geneva – a record price for a gemstone.
The diamond measures 2.69cm by 2.06cm (1.06 inches by 0.81 inches) and is set on a ring.
The Pink Star was sold to Isaac Wolf, a well known New York diamond cutter who has renamed it the Pink Dream.
The winning bid surpasses the $46.2m paid for the Graff Pink diamond three years ago, which was half the size of the Pink Star.
The $83m includes Sotheby’s commission. The winning bid was for 68m Swiss francs ($74m) and reports say there was a long silence between that offer and the previous telephone bid of 67m Swiss francs.
“Ladies and gentlemen, 68 million is the world record bid for a diamond ever bid and it’s right here,” Sotheby’s David Bennett said as he brought down the hammer.
Sotheby’s played the theme tune from the Pink Panther film after the winning bid was confirmed.