Pink Star sells for record $83M

The “Pink Star”, a flawless pink diamond the size of a plum, sold for $83 million US in Geneva on Wednesday, a world record price for a gemstone at auction, Sotheby’s said.

Pink Star diamond

The “Pink Star” sold for $83 million US

“The diamond was bought by Isaac Wolf and the diamond has been renamed The Pink Dream,” said Matthew Weigman, Sotheby’s worldwide director of sales communications.

Wolf, a New York-based diamond cutter, was represented by a bidder in the room and Sotheby’s said the final sale price included the “buyer’s premium,” or commission fees.

In all, four people, including two Asian clients, bid on the oval-shaped diamond, which was mounted on a ring and weighed 59.60 carats, he said.

Sotheby's Pink Star Auction

In all, four people bid on the oval-shaped diamond.

As Sotheby’s auctioneer David Bennett brought down the hammer in the Geneva salesroom, applause erupted.

“You’ll forgive me,” he said, as the theme song from the “Pink Panther” was played.

The Pink Star was the star lot at Sotheby’s jewels sale in Geneva, held in a heavily guarded hotel showroom.

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