Tag Archives: Graff Pink Diamond

The Jewelry Insider

October 11, 2013

You know that $60 million you have lying around? Loosen your purse strings, jewelry hounds. We’re going rock shopping.

A rare pink diamond weighing in at a whopping 59.60 carats could fetch a record $60 million or more according to Sotheby’s. The auction house will put this baby on the block November 13th, and the jewelry world is buzzing with excitement.

The “Pink Star” (as the little darling likes to be called) is quite simply the most valuable diamond ever to be offered at auction. Yup. Ever.

“It is full of fire and light. If it sells it will be a record price for any gemstone so far at auction,” David Bennett, chairman of Sotheby’s jewelry division in Europe and the Middle East, told Reuters in Geneva earlier this month.

The current record is held by the “Graff Pink”, a 24.78 carat fancy intense pink diamond bought in 2010 by Laurence Graff for 45.44 million Swiss francs ($45.75 million then).

Click here for my coverage of that piece of pink perfection.

In the meantime, thinking pink is all the rage this month as Breast Cancer Awareness takes center stage. For those of you who like to donate to a worthy cause and look swell doing it, take a gander at these Limited Edition LINKS designer bracelets that include a $25 donation with every purchase to Susan G. Komen for The Cure.

And be sure to check out LINKS on ‘The Talk’ with Sharon Osbourne on October 23rd where they will feature these very bracelets!

 

Pink Diamond Sets World Price Record

The only jewelry news that could steal the spotlight from Prince William giving Kate his mother’s sapphire engagement ring is this little tidbit:

An extremely rare pink diamond just smashed the price record for most expensive diamond (and piece of jewelry) sold at auction – in the world!

Sotheby’s placed early price estimates in the high $20 million range, but one megarich diamond collector paid nearly double that paltry sum – a whopping $46.16 million!

And that’s not the half of it. This fellow, Laurence Graff, already owns the Wittelsbach-Graff diamond which used to hold the title of most expensive stone in the world at $24.3 million. That is until this flawless 24.78-carat piece of pink perfection went under the hammer.

Call me crazy, but how can the entire state of California be nearly bankrupt and this dude have enough in the coffers to buy flawless diamonds in his spare time?

That said, I find it interesting that Laurence Graff is a self-made gazillionaire – a 14-year-old dropout from the mean streets of London. So I suppose this Charles Dickens tale of rags to riches has the kind of happy ending any self-proclaimed jewelry hound would find hard to resist.

Now. About that budget deficit…