Pink diamond sold for more than $83 million - FOX 8 WVUE New Orleans News, Weather, Sports

Pink diamond sold for more than $83 million

Updated:
A Sotheby's employee shows The Pink Star diamond weighing 59.6 carat, during a preview at Sotheby's, in Geneva, Switzerland, Wednesday, Sept. 25, 2013. (Associated Press/Keystone, Martial Trezzini) A Sotheby's employee shows The Pink Star diamond weighing 59.6 carat, during a preview at Sotheby's, in Geneva, Switzerland, Wednesday, Sept. 25, 2013. (Associated Press/Keystone, Martial Trezzini)

GENEVA (AP) - An enormous diamond known as "The Pink Star" has sold for more than $83 million at an auction, far surpassing its expected price.

Sotheby's says the sale Wednesday night of the vivid and flawless 59.60-carat pink diamond is the highest price ever paid for a gemstone at auction.

Prior to the sale to the successful bidder, representing an anonymous buyer, the diamond was estimated to fetch more than $60 million.

The sale came a day after the largest fancy vivid orange diamond ever sold at auction went for $35.5 million at a Christie's auction.

The auctions at Geneva's lakeside hotels draw well-heeled buyers from around the world seeking expensive jewels, artwork, wine and watches.

The exact sale price of "The Pink Star" was 76.325 million Swiss francs, or $83.425 million.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow

Fox 8 WVUE-TV
Louisiana Media Company, LLC.
1025 S. Jefferson Davis Parkway
New Orleans, LA 70125

General Number: (504) 486-6161
News Tips: (504) 483-1503
News Room Fax: (504) 483-1543

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVUE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
WVUE's Public Inspection File can now be accessed online. To access the online public inspection file click here: https://stations.fcc.gov/station-profile/wvue-dt.