A pink diamond was sold for $49.9 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction. Know more:
The Williamson Pink Star is the second-largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable of the colored diamonds.
“This is an astounding result, proving the resilience of top diamonds in a shaky economy,” said Tobias Kormind, managing director of 77 Diamonds. “Hard assets such as world-class diamonds have a history of performing well even in times of instability,” he said. “Some of the world’s highest quality diamonds have seen prices double over the last 10 years.”
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