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"Pink Star" diamond sells for world record €61 million

The winning bidder, a bearded man apparently in his sixties was pitted in a one-on-race against a telephone competitor.
Nov 13th 2013, 10:02 PM 11,484 30

A PLUM-SIZED diamond known as the “Pink Star” was auctioned in Geneva Wednesday for €61 million, a world record for a gemstone.

David Bennett, chairman of Sotheby’s jewellery division in Europe and the Middle East, brought down the hammer in a Geneva hotel after an intense, five-minute bidding race.

Set on a ring, the 59.60-carat pink internally flawless diamond is measures 2.69 by 2.06 centimetres and weighs 11.92 grammes.

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Pic: Sean Dempsey/PA Wire

The winning bidder, a bearded man apparently in his sixties sporting a Jewish skullcap, was pitted in a one-on-race against a telephone competitor.

The bidding in Geneva was conducted in Swiss francs, starting at 48 million and working its way upwards million-by-million.

There was a long silence as the price reached 67 million Swiss francs, before the in-room bidder came back with the winning 68 million.

Commission included, the final price was 76 million francs — the equivalent of €61 million euros.

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There were up to 150 people in the auction room who erupted into applause as the theme tune from the “Pink Panther” was played as a tongue-in-cheek gesture.

The winning bidder declined to identify himself to AFP but confirmed that he had been representing another individual, whose name and location he refused to reveal.

The diamond had been estimated at €40 million.

© – AFP

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