A new record could be set in the world of colour diamonds as The Pink Star is set to go to auction later this month.
The 59.60 carat oval-cut stone is named The Pink Star and is the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America.
The diamond will be sold by Sotheby’s at their auction in Geneva on November 13. It is expected to sell for close to $60 million. The previous record for the sale of a pink diamond was for the Graff Pink which sold for $46 million in November 2010.
The Pink Star was originally mined by De Beers in 1999 in South Africa and weighed 132.5 carats in the rough. It was not unveiled until May of 2003 and was originally called The Steinmetz Pink Diamond. The diamond was first sold in 2007 but the details of the original cost and buyer has never been made public.