'The Pink Star', a 59.60-carat oval shape pink diamond, was bought for a record-setting $83,187,381 at Sotheby’s Geneva on Nvember 13.
The diamond was sold for considerably more than its pre-sale estimate of $60 million.
The exceptional gem was acquired by diamond cutter Isaac Wolf, who has renamed it 'The Pink Dream'.
The previous record for a pink diamond was set in the same venue in 2010, when the 24.78-carat 'Graff Pink' was bought for $46.2 million.
'The Pink Dream' is the largest internally flawless fancy vivid pink diamond that the GIA has ever graded. It is a Type IIa gem, and received top color and clarity grades from the GIA.
The original 132.5-carat rough diamond was found at a De Beers mine in Africa in 1999. It took two years to cut and polish.
The Sotheby’s Geneva Magnificent Jewels sale generated sales of $199,512,930 - the highest jewelry sale total ever.
“The Pink Star is a true masterpiece of nature,” said David Bennett, chairman of Sotheby’s Jewellery Division in Europe and the Middle East and chairman of Sotheby’s Switzerland. “Its immense importance was reflected tonight in the strength of the bidding and we are thrilled that the record price it achieved earned it a place in history. Today’s record sale is a further testimony to the strength and depth of the diamond and jewelry market.”