The Pink Star diamond ring is a testament to luxury and rarity, standing out as the most expensive diamond ring ever sold. In April 2017, at a Sotheby's auction held in Hong Kong, this extraordinary gem fetched an impressive $71.2 million. Garnering attention from collectors and enthusiasts around the globe, the ring features a stunning 59.60 carat pink diamond that shimmers with an exceptional hue.
The Pink Star diamond originally weighed a notably heavier 132.5 carats in its rough state and was mined by De Beers in Africa in 1999. The stone underwent a meticulous 20-month cutting and polishing process, culminating in its exquisite oval shape that maximizes its brilliance and color. Its remarkable size and the deep pink tone make it one of the rarest gems in the world.
This awe-inspiring jewel surpassed previous records, including the Oppenheimer Blue, which was sold for $50.6 million in 2016, and the Graff Pink, that reached $46.2 million in 2010. The Pink Star not only captivated audiences with its beauty but also set a new standard for diamond auctions, representing a significant moment in the world of fine jewelry. The sale of such a unique and high-value item underscores the unmatched allure of diamonds in the global market.
Often diamonds of this caliber are sold to private collectors who appreciate their investment value and rare beauty. The Pink Star’s buyer was Hong Kong jewelry retailer Chow Tai Fook Jewellery, who renamed it the CTF Pink Star in honor of the company's founder. Holding such a record for its price, the Pink Star continues to be celebrated as a symbol of opulence that transcends typical luxury. Its legacy within the gemstone community remains unparalleled, marking it as a historical and precious artifact of nature’s beauty.
