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The 59.6-carat Pink Star diamond considered one of the world’s ‘greatest treasures’ set to sell at auction for £50MILLION

A DIAMOND described as “one of the world’s great natural treasures” is set to sell for a record-breaking £50MILLION next month.

The Pink Star is a 59.6-carat oval mixed-cut gem which is the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America.

Reuters
Pink Star is set to sell for a record-breaking £50million next month[/caption]

Reuters
The Pink Star is described as ‘one of the world’s great natural treasures’[/caption]

Rex Features
The pink Star weighs 59.6 carats and is an oval mixed-cut gem[/caption]

It is more than twice the size of the 24.78-carat Graff Pink – which currently holds the world auction record for any pink diamond after it went under the hammer for £37.2million in November 2010.

Sotheby’s unveiled The Pink Star in London today ahead of its sale in Hong Kong on April 4.

The auction house has given the diamond – which was mined by De Beers – an estimate of “in excess of £48million”.

This will break the current record for any diamond of £40million, which was set by the Oppenheimer Blue in 2016.

David Bennett, worldwide chairman of Sotheby’s Jewellery Division, said: “At a time of unprecedented demand for the finest in coloured diamonds, I am delighted to be bringing this magnificent stone back to the market.

“The extraordinary size of this 59.60-carat diamond, paired with its richness of colour, surpasses any known pink diamond recorded in history.”

The Pink Star was originally a 132.5-carat rough diamond when it was mined in Africa by De Beers in 1999.

Experts spent TWO YEARS meticulously cutting and polishing it, transforming it into the stunning gemstone which will be offered in Hong Kong.

It is the second time in less than four years The Pink Star has been offered at auction.

Reuters
The rock is the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America[/caption]

Reuters
Pink Star is more than twice the size of the 24.78-Carat Graff Pink[/caption]

Reuters
The giant rock was unveiled today in London ahead of its sale in Hong Kong on April 4[/caption]

In 2013 Sotheby’s sold it for £52million in Geneva. The price was a record but the buyer and his investors defaulted on the payment and it was returned to the auction house.

Quek Chin Yeow, deputy chairman, Asia, and Chairman International Jewellery, Asia, added: “The market for the world’s finest diamonds and gemstones remains buoyant and Sotheby’s Hong Kong is honoured to present at auction the Pink Star this spring following these world records.”

Rex Features
The current record price paid for a diamond is £40million – set by the Oppenheimer Blue in 2016[/caption]

Reuters
The Pink Star was originally a 132.5-carat rough diamond when it was mined in Africa by De Beers in 1999[/caption]

Reuters
Experts spent TWO YEARS meticulously cutting and polishing it, transforming it into the stunning gemstone which will be offered in Hong Kong[/caption]


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