Pink Diamond Expected To Fetch More Than 21 Million At Auction Extremely Rare

A pink diamond believed to be one of the purest in the world could sell for more than $21 million at auction next month. The “Williamson Pink Star” diamond is 11.15 carats, cushion cut and has “internally flawless clarity,” according to Sotheby’s website. The diamond’s name is an homage to two other pink diamonds, Reuters reported. LARGEST WHITE DIAMOND EVER TO AUCTION PASSES $21 MILLION One is the “CTF Pink Star” — a 59.60-carat diamond that sold at auction for $71.2 million in 2017. The other is the “Williamson” stone, a 23.60-carat diamond that was given to Queen Elizabeth as a wedding gift, according to Reuters. The “Williamson” diamond and the “Williamson Pink Star” were discovered in the same mine, which was owned by Canadian geologist John Thorburn Williamson, Reuters also noted. BLACK DIAMOND BELIEVED TO BE FROM SPACE COULD FIND $6.8M AT AUCTION “[Pink diamonds] they are extremely rare in nature,” Sotheby’s head of jewelery Christian Spofforth told Reuters at a press preview. The ‘Williamson Pink Star’ diamond will be auctioned on October 5 in Hong Kong. (REUTERS/Gerhard Mey/Reuters Photos) “Then you add the extra factors like it’s over 10 carats, internally flawless and Type IIA, and we’re right at the top,” Spofforth added. It referred to a subgroup with the purest chemical diamonds. GET THE FOX BUSINESS ON THE GO BY CLICKING HERE It is not clear what exactly causes the color of pink diamonds, Sotheby’s website points out. “The best explanation available today is that color is the result of discomfort at the individual level,” the website states. The cushion-cut diamond is 11.15 carats and has “internally flawless clarity,” Sotheby’s says. It is not clear what causes the color of pink diamonds. (REUTERS/Gerhard Mey/Reuters Photos) The ‘Williamson Pink Star’ diamond will go up for sale at a standalone auction on October 5 in Hong Kong. CLICK HERE TO READ MORE ABOUT FOX BUSINESS “We’ve seen with the lockdown crisis and the COVID crisis that there’s always a demand for the rare and the beautiful in the world – and this is something extremely rare that I think will have a lot of bidders on the day,” Spofforth told Reuters. Before going to auction in Hong Kong, the ‘Williamson Pink Star’ will tour Dubai, Singapore and Taipei. Reuters contributed reporting to this article.

title: “Pink Diamond Expected To Fetch More Than 21 Million At Auction Extremely Rare Klmat” ShowToc: true date: “2022-11-17” author: “John Barnett”

A pink diamond believed to be one of the purest in the world could sell for more than $21 million at auction next month. The “Williamson Pink Star” diamond is 11.15 carats, cushion cut and has “internally flawless clarity,” according to Sotheby’s website. The diamond’s name is an homage to two other pink diamonds, Reuters reported. LARGEST WHITE DIAMOND EVER TO AUCTION PASSES $21 MILLION One is the “CTF Pink Star” — a 59.60-carat diamond that sold at auction for $71.2 million in 2017. The other is the “Williamson” stone, a 23.60-carat diamond that was given to Queen Elizabeth as a wedding gift, according to Reuters. The “Williamson” diamond and the “Williamson Pink Star” were discovered in the same mine, which was owned by Canadian geologist John Thorburn Williamson, Reuters also noted. BLACK DIAMOND BELIEVED TO BE FROM SPACE COULD FIND $6.8M AT AUCTION “[Pink diamonds] they are extremely rare in nature,” Sotheby’s head of jewelery Christian Spofforth told Reuters at a press preview. The ‘Williamson Pink Star’ diamond will be auctioned on October 5 in Hong Kong. (REUTERS/Gerhard Mey/Reuters Photos) “Then you add the extra factors like it’s over 10 carats, internally flawless and Type IIA, and we’re right at the top,” Spofforth added. It referred to a subgroup with the purest chemical diamonds. GET THE FOX BUSINESS ON THE GO BY CLICKING HERE It is not clear what exactly causes the color of pink diamonds, Sotheby’s website points out. “The best explanation available today is that color is the result of discomfort at the individual level,” the website states. The cushion-cut diamond is 11.15 carats and has “internally flawless clarity,” Sotheby’s says. It is not clear what causes the color of pink diamonds. (REUTERS/Gerhard Mey/Reuters Photos) The ‘Williamson Pink Star’ diamond will go up for sale at a standalone auction on October 5 in Hong Kong. CLICK HERE TO READ MORE ABOUT FOX BUSINESS “We’ve seen with the lockdown crisis and the COVID crisis that there’s always a demand for the rare and the beautiful in the world – and this is something extremely rare that I think will have a lot of bidders on the day,” Spofforth told Reuters. Before going to auction in Hong Kong, the ‘Williamson Pink Star’ will tour Dubai, Singapore and Taipei. Reuters contributed reporting to this article.