Pink diamond sells for over $32 million in Hong Kong

By: |
New Delhi | Published: November 28, 2017 10:28:31 PM

An enormous oval diamond named the "Pink Promise" was sold today for an eye-watering $32.16 million at auction in Hong Kong.

diamond, pink diamond, australia, auction, indiaDiamond failed to sell at the higher end of the auction house’s estimates of up to USD 42 million. (Representative image: Reuters)

An enormous oval diamond named the “Pink Promise” was sold today for an eye-watering  $32.16 million at auction in Hong Kong.

The 14.93-carat pink gemstone went to an unidentified phone bidder as applause filled the room.

Auctioneers Christie’s said it was the second highest price per carat paid for a pink diamond, next to the five- carat “Vivid Pink” which sold in Hong Kong for USD 10.78 million in 2009.

However, the diamond failed to sell at the higher end of the auction house’s estimates of up to USD 42 million.

“It’s a very, very strong price,” François Curiel, Christie’s Europe and Asia chairman, told AFP after the sale.

“It really shows that Hong Kong is a very important centre for jewellery today.”

An ongoing anti-corruption drive in mainland China has done little to dent feverish bidding in Hong Kong’s auction houses.

A 1,000-year-old bowl from China’s Song Dynasty was sold for USD 37.7 million in the city last month, breaking the record for Chinese ceramics.

Earlier this year a giant diamond named the “Pink Star” broke the world record for a gemstone sold at auction when it fetched USD 71.2 million at Sotheby’s.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Ivanka Trump in India: How Donald Trump daughter’s ‘complicit’ comment became ‘Word of the year’
2Nepal plane crash: 16 people injured including 13 police personnel
3Donald Trump may ban personal phones for White House staff