Sotheby’s “Pink Star” Buyer Defaults.

The Pink Star

In a Sotheby’s (BID) auction in November, a New York diamond cutter defeated three bidders to win the most expensive gemstone ever. Yesterday, the auction house said the buyer couldn’t pay.  The Pink Star a 59.6 carat oval-cut pink diamond, which fetched $83.2 million in a transaction guaranteed by Sotheby’s … [Read more...]

Pink Star sells for record $83M

Pink Star

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. "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 … [Read more...]