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Dublin: 16 °C Wednesday 17 September, 2014

Getting engaged? This pink diamond ring is being auctioned at over €40m

If it sells it will be a record price for any gemstone so far at auction.

Pink Star diamond
Pink Star diamond
Image: Sean Dempsey/PA Wire/Press Association Images

HOPING YOUR OTHER half will pop the question soon. Well, you might want to drop some hints that there is a little auction taking place in Switzerland this November.

This 59.60-carat pink internally flawless diamond is estimated to raise more than $60 million (€43,465,000).

The Pink Star

The “Pink Star” is the most valuable diamond offered at auction. 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.

Reuters reports that the “Pink Star” was “cut and polished from a 132.5 carat rough diamond mined by De Beers somewhere in Africa in 1999, according to Sotheby’s, which said it had no information on the exact geographic origin”.

Current owner

It was first sold in 2007 and the current owner remains anonymous.

This pink diamond ring is being auctioned by Sotheby’s in Geneva on November 13th.

Getting engaged? This pink diamond ring is being auctioned at over €40m
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  • Pink Star Diamond auction

    Source: PA Wire/Press Association Images
  • Pink Star Diamond auction

    Source: Sean Dempsey
  • Pink Star Diamond auction

    Source: Sean Dempsey
  • Pink Star Diamond auction

    Source: Sean Dempsey

Read: 118 carat diamond to go on auction in October>

Read: Pensioner wins $5,000 diamond… then swallows it>

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