Home Business News Rare diamond smashes world record

Rare diamond smashes world record

by Purvai Dua
1st Oct 18 10:33 am

A rare pink diamond weighing 5.03 carats has set a new world record by selling for more than $2.9m!

The rock was auctioned at a sale organized by Bonhams London Fine Jeweller and has smashed the previous record of Sotheby’s Geneva.

Explaining why the rock sold for such a high price, Emily Barber, Director of Jewellery at Bonhams UK, said: “This was due to a number of factors: its size – it’s exceptionally rare to see a pink over five carats on the market today; its even colour saturation and its extraordinarily elegant cut.”

“They are highly desirable to discerning collectors given their rarity and limited supply. A diamond like this would definitely be one of the most prized pieces in an important jewellery collection,” Barber added.

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