VIVID PINK DIAMOND

HONG KONG – A 5-carat pink diamond was auctioned for a record $10.8 million today!
“The Vivid Pink” is a 5.00 carat Fancy Vivid Pink Potentially Flawless diamond. It is the largest diamond of that type to ever be offered in an auction. It was sold today at Christie’s sale of Asian and Chinese Art.
The sale surpassed the previous record, held by a 19.66 carat stone sold for $7.4 million in Geneva in 1994. It is also now the highest per-carat price ever paid for a diamond!
[youtube=http://www.youtube.com/watch?v=Oe6-8LasBxc]
“No stone has ever been sold for $2 million a carat, we were used to a million dollars a carat for colored diamonds but never 2 million,” said Francois Curiel, Christie’s Europe chairman.
The sale did not surpass the most expensive jewel ever sold, which was the 2008 auction of the Wittelsbach blue diamond for $24 million! Believed to be from the 17th century, it was possibly cut from the famous Hope diamond, then made it’s way through various royal families before disappearing in the 1930s. It was rediscovered in 1962, and sat in the hands of a private collector until last year.
It is believed the Vivid Pink’s sale could potentially reinvigorate the world’s rare and large stones market, which did not prove to be immune to the financial crisis.

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