Rare ‘fancy vivid pink’ diamond sells for £52m in Hong Kong auction
An extremely rare “fancy vivid pink” diamond has sold for 453m Hong Kong dollars (£52m) – more than double its estimated price – and set a world record for the highest price per carat for a diamond sold at auction.
The 11.15-carat Williamson Pink Star diamond, which is named after another pink diamond given to Queen Elizabeth II as a wedding gift, was sold to an undisclosed buyer at auction by Sotheby’s Hong Kong on Friday.
Tobias Kormind, the managing director of London jewellery shop 77 Diamonds, said the stone’s link to the late monarch is likely to have helped elevate its value.
“This is an astounding result, proving the resilience of top diamonds in a shaky economy,” he said. “When you consider an alluring link to Queen Elizabeth, the rising prices for pink diamonds thanks to their increasing rarity, and the backdrop of an unstable global economy.
“Some of the world’s highest quality diamonds have seen prices double over the last 10 years.”
The cushion-shaped diamond is named after two other large pink diamonds: the 59.60-carat, mixed-cut, oval Pink Star diamond that sold at auction in 2017 for $71.2m (then £57m), and the Williamson stone, a 23.60-carat diamond given to the Queen by the Canadian geologist and ardent royalist John Thoburn Williamson in 1947.
Mounted as a floral brooch designed by Frederick Mew, of Cartier, in 1953, the Williamson is said to have been a favourite of the late Queen, who wore it on many occasions during her reign, including the silver jubilee.
Williamson owned the Mwadui mine in Tanzania where the Williamson stone and the Pink Star were discovered.
Wenhao Yu, the chair of jewellery and watches at Sotheby’s Asia, said: “The discovery of a gem-quality pink diamond of any size is an extremely rare
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