Tag Archives: Wittlesbach Blue Diamond

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…

The Jewelry Insider

December 2, 2009


Hold on to your haute couture, jewelry hounds. One whopper of a diamond just entered the hands of a lucky (and filthy rich) bidder on Tuesday.

A rare, 5-carat pink diamond was auctioned off by Christie’s Hong Kong for a record $10.8 million, putting some shine back into the world’s rare and large stones market.

The stone, of a “vivid pink” hue and considered near perfect but not quite flawless, triggered brisk bidding with a final price that smashed the previous record set 15 years ago in Geneva for a 19.66-carat stone that sold for $7.4 million. The pink gem’s per-carat price of $2.2 million was also the highest ever paid for any diamond at auction, Christie’s said.

“No stone has ever been sold for $2 million a carat, we were used to … a million dollars a carat for colored diamonds but never 2 million,” Francois Curiel, Christie’s Europe chairman told Reuters. “This is an absolute record that is not going to be broken for a while I believe.”

But the famed Wittelsbach Blue Diamond still holds the record as the world’s most expensive jewel ever sold at auction, fetching a mere $24 million last year. Just a drop in the proverbial bucket, right?

Pink diamonds have always been coveted by the rich, the famous and we mere mortals alike. Click here to see which celeb dazzled their loved one with a pink diamond engagement ring for the ages – not quite 10 carats, but a keeper nonetheless.