Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/15/2013 (1 year ago)

Catholic Online (www.catholic.org)

Flawless pink diamond breaks world record for precious stones

Beyond gorgeous - and almost beyond price, the "Pink Star," a huge flawless pink diamond, sold for a world record-breaking $83 million at auction in Geneva. "Ladies and gentlemen, 68 million (Swiss francs) is the world record bid for a diamond ever bid and it's right here," Sotheby's David Bennett said to cascading applause with the final blow of his hammer.

The true worth of the 'Pink Star' is inestimable, due to its flawless condition and rich pink hue.

The true worth of the "Pink Star" is inestimable, due to its flawless condition and rich pink hue.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/15/2013 (1 year ago)

Published in Europe

Keywords: Pink Star, diamond, Sotheby's flawless


LOS ANGELES, CA (Catholic Online) - The price for the oval-shaped diamond, mounted on a ring and weighing 59.60 carats, was for 68 million Swiss francs,  or $73.99 million.

The final sale price, which includes the "buyer's premium," or commission fees, was 76.3 million Swiss francs, or $83.02 million.

AFTER THE UNSPEAKABLE, WE SPEAK HOPE. Support Catholic Online's response to Typhoon Haiyan in the Philippines. DONATE NOW ...


The winning bidder was a man bidding in the room. He told reporters that he was buying it on behalf of an anonymous person whom he represented - but declined to name the people or parties involved. 

"It surpassed our estimate. It's a large amount of money in itself but I don't think this stone has a price," Auctioneer Bennett said, noting that its pre-sale estimate was $61 million.

The "Pink Star's" sale price exceeded the previous record by the "Graff Pink," a 24.78 carat fancy intense pink diamond bought by Laurence Graff, the London-based jeweller known as "The King of Diamonds", at a 2010 auction for 45.44 million Swiss francs, or $45.75 million in U.S. dollars then.

"Frankly when I sold the Graff 3 years ago, I thought it would be a record for a very long time. Tonight's price is really quite extraordinary three years later," Bennett said.

Cut and polished from a 132.5 carat rough diamond mined by De Beers somewhere in Africa in 1999, Sotheby's says it had no information on the exact geographic origin. Mounted on a ring, the "Pink Star" was first sold in 2007. as noted previously, the new owner is anonymous. 

The vivid pink diamond is "of immense importance" because of its extraordinary size and exceptionally rich color that surpass all others known to exist in government, royal or private collections.

It is "simply off any scale, and passes, I believe, into the ranks of the earth's greatest natural treasures," Bennett says.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Europe

Terrorist attack plans AGAINST THE VATICAN unveiled during police raids in Italy Watch

Image of

By Abigail James (NEWS CONSORTIUM)

An al-Qaeda-linked terror cell, who once had direct contact with Osama bin Laden and planned an attack on the Vatican, has been uncovered and broken up during raids by the Italian police this week. LOS ANGELES, CA (Catholic Online) - The group in question is believed ... continue reading


North African immigrants flooding Italy - as many as 200,000 could be there in a year Watch

Image of Arrivals of migrants usually spike in the spring and summer months due to more inclement weather in the Mediterranean.

By Catholic Online (NEWS CONSORTIUM)

Italy has become a gateway for many African and Middle Easterners fleeing their war-torn lands for peace and prosperity. It is estimated that as many as 5,000 migrants a week arrive in Italy by sea from North African ports. This is leading to a crisis, with ... continue reading


Pope urges Christians and Jews to UNITE to defeat persecution in Europe Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Meeting with a 30-member delegation of the Conference of European Rabbis, Pope Francis said that European Christians and Jews must stand together to defend one another from discrimination and persecution around the world. LOS ANGELES, CA (Catholic Online) - The ... continue reading


Money running out, Greek government orders raid on government coffers Watch

Image of Hopes of securing a deal by the end of the month have faded, following a fraught week in which debt drama moved temporarily to Washington for the IMF's spring conference.

By Catholic Online (NEWS CONSORTIUM)

The Greek government has ordered a mandatory transfer of cash reserves from state-owned enterprises to the central bank. The action is a frantic bid to gather enough cash to remain solvent. LOS ANGELES, CA (Catholic Online) - Citing "extremely urgent and ... continue reading


HISTORIC MEETING: Pope Francis meets with rabbis to decry growing anti-Semitism in Europe Watch

Image of In the face of rampant secularism in Europe and other parts of the world, Pope Francis suggested that Jews and Christians have a co-responsibility to keep faith in God alive.

By Catholic Online (NEWS CONSORTIUM)

Pope Francis met in the Vatican with a delegation from the Conference of European Rabbis, the first time a pope has ever met with the Conference. Foremost in the meeting were the troubling "anti-Semitic trends in Europe." The Pope called it a cause for worry, ... continue reading


Muslim migrants threw Nigerian and Ghana Christians overboard, police say Watch

Image of More than 10,000 people have arrived on Italian shores from Libya since last weekend alone.

By Catholic Online (NEWS CONSORTIUM)

Muslims among migrants trying to get from Libya to Italy in a boat killed 12 fellow passengers by throwing them overboard because they were Christians, Italian police say. LOS ANGELES, CA (Catholic Online) - At least 15 people have been arrested on suspicion of ... continue reading


Rare phenomenon 'worm rainfall' observed in Norway, scientists still baffled Watch

Image of

By Atarah Haely (NEWS CONSORTIUM)

Thousands of earthworms were observed falling from the sky across the southern part of Norway, which still baffles the scientists. The rare phenomenon was sighted by a Biology teacher Karstein Erstad, as he was skiing in the mountains near Bergen last weekend. ... continue reading


Pope Francis is part of 'evil front' against Turkey, prime minister declares Watch

Image of Turkish Prime Minister Ahmet Davutoglu has accused Pope Francis of being part of an

By Catholic Online (NEWS CONSORTIUM)

Turkish Prime Minister Ahmet Davutoglu has accused Pope Francis of being part of an "evil front" plotting against his country. The Pope used the term "genocide" in describing the massacre of one million Armenians during the Ottoman Empire in 1915. LOS ANGELES, CA ... continue reading


Vatican-backed exorcism course warns of 'beautiful young vampires' Watch

Image of

By Abigail James (NEWS CONSORTIUM)

"Beautiful young vampires," in vitro fertilization and gay rights were among the warnings for possession presented during a Vatican-backed exorcism course. LOS ANGELES, CA (Catholic Online) - Vampires from pop culture Hollywood films, like Twilight and True Blood, were ... continue reading


Pope Francis' talk about Satan increases worldwide interest in exorcism Watch

Image of A week-long exorcism conference, held this week at the Pontifical University of Regina Apostolorum in Rome and endorsed by the Vatican, is being attended by around 160 Catholic priests from around the world.

By Catholic Online (NEWS CONSORTIUM)

The world is now in the throes of an increased awareness of Satan and the "dark arts" of exorcism. Pope Francis' fire-and-brimstone language, coupled with his frequent references to the Devil has raised awareness of the Evil One once again into the mainstream of ... continue reading


All Europe News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Psalm, Psalms 117:1, 2
1 Meanwhile Saul was still breathing threats to ... Read More

Gospel, John 6:52-59
52 Then the Jews started arguing among themselves, ... Read More

Saint of the Day

Saint of the Day for April 24th, 2015 Image

St. Fidelis of Sigmaringen
April 24: Franciscan Capuchin martyr. He was born Mark Rey is Sigmaringen, ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter