Come 4 April, the Pink Star — the largest Internally Flawless Fancy Vivid pink diamond ever graded by the Gemological Institute of America (GIA) — will go under the hammer at a Sotheby’s auction in Hong Kong. The glittering, oval mixed-cut rock weighs a hefty 59.60 carats, and is expected to fetch over US$60 million (S$83.8 million).

the pink star
What a beauty.

This isn’t the first time that the Pink Star is going up for auction. Back in 2003, it was sold at Sotheby’s Geneva sale for a record-breaking US$83 million (S$116 million) to diamond cutter Isaac Wolf, who represented a group of investors. In a turn of events, Wolf defaulted on his payment, and the auction house ended up acquiring the diamond.

What sets the Pink Star apart from other sparklers, is that it has been accorded the highest colour and clarity grades from the GIA for pink diamonds, and is in the Type IIa group of stones. The latter comprises less than 2% of all the world’s diamonds, and its rocks are chemically the purest of all diamond crystals. They also often have extraordinary optical transparency.

The Pink Star
All eyes will be on this giant sparkler when it goes up for sale next week. (Photo credit: Ian Gavan/Getty Images for Sotheby’s)

The Pink Star was first discovered in 1999 by De Beers in Africa, as a 132.5-carat rough diamond. It was then cut and polished over two years to produce its magnificent visage. We can’t wait to see how much it sells for, at the upcoming auction.

(Main photo credit: Ian Gavan/Getty Images for Sotheby’s)

Sara Yap
Deputy Director, Digital Operations (Asia)
Sara Yap is the Deputy Director of Digital Operations at BurdaLuxury, and a contributing writer to Lifestyle Asia’s dining and jewellery beats. When she’s not on the lookout for exciting new restaurants or bejewelled trinkets, she’s probably buried in a riveting read, or reminiscing the good ol’ days with her favourite playlist of ’90s boyband hits.