The rare pink diamond, called the “Williamson Pink Star,” is named after two other notable pink diamonds, including one owned by Queen Elizabeth II.
Auction house Sotheby's shared a promotional video of the Williamson Pink Star, one of the world's purest, most saturated pink diamonds going up for auction in October 2022.A rare, dazzling pink diamond is expected to sell for an estimated $21 million when it goes up for auction in October, officials said.
The diamond was named after two other notable pink diamonds, including the record-breaking CTF Pink Star, a 59.60-carat oval mixed-cut diamond, which sold in 2017 for $71.2 million. "The discovery of a gem-quality pink diamond of any size is an extremely rare occurrence - something that, with the recent closure of the Argyle mine, seemed until recently - highly improbable," Wenhao Yu, chairman of jewelry and watches at Sotheby’s Asia, said in a statement.
said in a statement. The GIA is a nonprofit cited by the auction house as a leading source of knowledge and standards on diamonds.Of all the diamonds submitted to the institute, less than 3% are classified as colored diamonds. And of those, less than 5% are considered predominantly pink, according to Sotheby’s. Narrowing in more, only the tiniest proportion of pink diamonds have a strong enough color to be classified as "Fancy Vivid Pink," which the Williamson Pink Star is classified.
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11.15-Carat Internally Flawless Pink Diamond Could Fetch $21 MillionThe Williamson Pink Star is the second largest internally flawless fancy vivid pink diamond to ever appear at auction. It has the potential to set a new per carat price record for a fancy vivid pink diamond, according to Sotheby’s, which is offering the gem at an upcoming sale in Hong Kong
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