Pink Star Diamond | World’s Most Expensive Rare Pink Gem

The Pink Star Diamond is deemed as one of the richest and scarcest diamonds to have been found. This pink diamond is a gem that has been reported to fetch a record price by auction, is known to have perfect quality and is known to be the most beautiful among all.

The Pink Star Diamond is the most coveted blend of luxury, beauty and rarity amongst collectors and gem experts. It is one of the most costly diamonds ever, due to its phenomenal color and mass.

This paper will discuss the price of the Pink Star diamond, its history, discovery, and why pink rare diamonds are one of the most precious gemstones on earth.

Discovery of the Pink Star Diamond

The Pink Star Diamond was found in South Africa in the year 1999; this is one of the most renowned diamond producing areas in the world.

The initial coarse diamond was approximately 132.5 carats which is very rare in pink diamonds. De Beers, who is one of the most prominent diamond mining companies in the world mined it.

Following its discovery, analysts discovered that the stone was very rare since huge natural pink diamonds are very rare.

Cutting and Polishing the Gem

Once the diamond was discovered, it was analyzed and refined.

The cutting process was nearly two years as the gem experts wished to make sure that the stone would have the best brilliance and shape.

Upon being polished, the Pink Star Diamond was made an oval-shaped 59.60-carat diamond, making it the largest internally perfect vivid pink diamond of fancy grading as graded by the Gemological Institute of America.

This categorization rendered the diamond very precious to the global gem market.

Pink Star Diamond Price

The price of the Pink Star diamond surprised the world when the diamond was auctioned.

The diamond itself was auctioned by Sotheby in Hong Kong in 2017, and it was sold to a buyer to the tune of 71.2 million dollars.

This auction had turned the Pink Star Diamond into one of the highest-selling diamonds.

The diamond was sold to the renowned jewellery firm Chow Tai Fook that named it “CTF Pink Star”.

Why Pink Diamonds Are So Rare

Pink diamonds are some of the rare stones found in the world.

Pink diamonds, in contrast to white diamonds, which are made of pure carbon, obtain their color due to radical alterations in pressure when counteracted during their formation, on the deepest part of the earth.

Since this geological process is very rare, pink diamonds are very scarce.

Indeed, according to numerous gem analysts, the number of natural pink diamonds can decline further following the shutting down of the Argyle Diamond Mine in Australia that used to be the largest producer of pink diamonds in the world.

Unique Features of the Pink Star Diamond

The Pink Star Diamond is known to have a number of outstanding features.

Fancy Vivid Pink Color

Diamond has been graded Fancy Vivid Pink which is the highest color rating of pink diamond.

Exceptional Size

It weighs 59.60 carats making it one of the largest pink diamonds ever to have been found.

Internally Flawless

The stone is thought to be internally flawless in that there would be hardly any noticeable mark of imperfection within the diamond.

These qualities render the Pink Star one of the priciest gemstones ever.

Importance in the World of Luxury Jewelry

Pink Star Diamond not only is valuable but it is also a very important piece of jewelry in the history of the luxury jewelry industry.

This type of rare diamond is generally considered to be of investment-grade to collectors, investors, and museums.

The diamond is very rare thus it is commonly juxtaposed with other well known gemstones like the Hope diamond and the Koh-i-Noor.

These are some of the most mythical diamonds ever known in history.

The Role of Rare Diamonds in Auctions

Diamond auctions of high quality have become significant events of world scale.

Most of the rare diamonds such as the Pink Star have the attraction of affluent collectors, luxury brands, and investment clients.

These diamonds are usually subject to price escalation due to:

• Limited supply
• Historical value
• Exceptional color and clarity
• Strong demand from collectors

Due to these reasons, pink diamonds are said to be one of the safest luxury investments.

Conclusion

The pink star diamond is really one of such magnificent gemstones that have ever been found. Its gorgeous pink hue, perfect quality and enormous size make it one of the richest and most precious diamonds in the world.

Since being found in South Africa, to the highest price in Hong Kong, the Pink Star has become a legendary icon of luxury and scarcity.

It is still considered one of the most beautiful diamonds in history today, which symbolizes the unbelievable beauty and enigma of rare gems.

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FAQs

Q1. What is the Pink Star Diamond?

Ans. Pink Star Diamond is a 59.60-carat fancy vivid pink diamond, which was regarded as one of the rare and the most valuable diamonds ever found.

Q2. How much is the Pink Star Diamond worth?

Ans. The diamond was auctioned at Sotheby's in 2017 and sold to $71.2 million.

Q3. Where was the Pink Star Diamond discovered?

Ans. It was found in South Africa in 1999.

Q4. Why are pink diamonds so rare?

Ans. Pink diamonds are rare and are formed under extreme geological conditions that involve changes in extreme pressure making them very rare.

Q5. Who owns the Pink Star Diamond today?

Ans. The jewelry corporation Chow Tai Fook bought the diamond and named it CTF Pink Star.