There are many famous gemstones whose names are known across the world, but few are as valuable and impressive as the large and beautiful colored diamonds that have been discovered over the years.
The Pink Star is among the most well-known of these diamonds and its value almost exceeds that of any other gemstone of its kind.
Read ahead to learn more about this miraculous diamond, how much it has sold for in the past, and why it is so highly revered in the diamond world.
What Is The Pink Star Diamond?
So, what exactly is the Pink Star?
The Pink Star Diamond is a massive 59.60 Fancy Vivid Pink diamond that has become famous for its value and its beauty.
It is the largest known example of a Vivid Pink diamond ever discovered and shaped, and it holds the world record as the most expensive gemstone ever purchased at auction.
It has changed hands multiple times over the years, and it garners a lot of admiration everywhere that it goes – and with good reason.
It is absolutely massive in size and has an incredibly vibrant pink color, which makes it one of the rarest diamond specimens ever unearthed.
The stone has also gone by a number of names throughout its life, including:
- The Pink Love
- The Pink Star
- The Pink Dream
- The Steinmetz Pink
- The CTF Pink Star
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Pink Star Diamond Characteristics
To understand a little more about this miraculous stone, we need to look into its specific characteristics.
Its carat weight is measured at 59.60, which is the equivalent of around 11.92 grams. This is particularly significant because of its color, as very few large diamonds are ever found with such distinctive and vibrant coloring.
It is an oval mixed-cut shape that has been graded by the GIA as Fancy Vivid Pink, it is considered to be Internally Flawless, and it has a unique step-cut crown and brilliant-cut pavilion.
Any one of these features alone would make a diamond stand out from the crowd, but all of them combined have made this particular stone incredibly valuable and highly sought-after.
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Pink Star Diamond History
As with any remarkable and famous gemstone, there is a long history behind the Pink Star.
It was first discovered by the De Beers company in a South African mine in 1999. In its rough state (before it was cut and shaped) it weighed an absolutely colossal 132.5 carats.
It was cut by the Steinmetz Diamonds group over a long and careful 20 months to ensure that its quality was lovingly maintained, before being displayed for the first time.
The Pink Star was first shown to the world in 2003 under the name “Steinmetz Pink” at a ceremony in Monaco. It then became part of the “Splendor of Diamonds” exhibit at the Smithsonian.
It has changed hands multiple times over the years, in particular at two very notable auctions. In 2013, Sotheby’s sold the Star at auction for around $83,000,000, which was and still is the world record sale price that any gemstone has ever reached. It was purchased by Isaac Wolf, a diamond cutter from New York who gave it the name “The Pink Dream”.
Since then, the diamond has been sold at auction once more, to Chow Tai Fook Enterprises in 2017 for around $71,000,000. It is now known as the CTF Pink Star, after the company.
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What Are Pink Diamonds?
There are many large and stunning diamonds out there in the world, but part of what sets the Pink Star apart is the rarity of its coloring in particular.
Although all fancy color diamonds are rare, some colors are much less common than others, and pink is among the rarest of them all.
Yellow diamonds make up around 60% of all naturally-occurring fancy color diamonds in the world, but pink diamonds are so rare that they are always an incredibly significant find.
The Argyle Mine in Western Australia was the source of around 80% of all the pink diamonds in the world, and even there only around 0.1% of their 20-million carat yearly findings were classified as pink.
The Argyle Mine actually closed down in 2020, meaning the likelihood that new pink diamonds will reach the market is now even slimmer, and the specimens that already exist are becoming rarer and more valuable by the day.
How Do Pink Diamonds Form?
One of the mysteries behind the Pink Star is how such a diamond could exist in the first place.
There is no consensus among geologists as to the exact cause of the pink color in these special diamonds, which only adds to their intrigue. The prevailing theory is that a certain type of shear pressure influences the molecular structure of the stone as it forms, leading to the appearance of the pink color.
This is actually the same theory that many people believe to be the cause of red fancy color diamonds as well, which are even rarer than pink diamonds.
It is highly possible that red diamonds are simply the strongest and most vivid examples of pink diamonds, rather than an entirely separate coloration of their own.
The Most Expensive Diamonds Ever Sold
There have been a number of high-profile diamond auctions that have occurred within the industry, and many of the most expensive sales have actually been of diamonds with a pink color.
Let’s take a look at some of the highest prices that have ever been seen in diamond sales.
- The Orange: Fancy Vivid Orange. Sold for $35,500,000 in 2013
- The Prince: Fancy Intense Pink. Sold for $39,300,000 in 2013
- The Graff Pink: Fancy Intense Pink. Sold for $46,200,000 in 2010
- The Blue Moon of Josephine: Fancy Vivid Blue. Sold for $48,500,000 in 2015
- The Pink Legacy: Fancy Vivid Pink. Sold for $50,000,000 in 2018
- The Oppenheimer Blue: Fancy Vivid Blue. Sold for $57,600,000 in 2016
- The Pink Star: Fancy Vivid Pink. Sold for $83,100,000 in 2013 and $71,200,000 in 2017
As you can see, a strong pink color is certainly one of the most sought-after features that any diamond can have and the Pink Star is the largest of its kind.
Pink Star Diamond Price
Although the Pink Star does hold the world record for the highest price ever fetched at auction for any gemstone, that does not mean that is the most valuable diamond on the planet.
There are many gemstones that have never officially been sold but are valued at extremely high prices due to their origins, history, and characteristics.
To see how the price of the Pink Star stands up to others of its kind, we can compare its value to some of the other famous and highly valuable diamonds in the world, including those that have never been sold at auction.
|The Moussaieff Red Diamond||5.11||$8,000,000|
|The Heart of Eternity||27.64||$16,000,000|
|The Perfect Pink||14.23||$23,200,000|
|The Wittelsbach Diamond||35.56||$23,400,000|
|The Winston Blue||13.22||$23,800,000|
|The Pink Star||59.60||$71,200,000|
|The Centenary Diamond||273.85||$100,000,000|
|The Hope Diamond||45.52||$250,000,000|
|The Cullinan I (The Great Star of Africa)||530.2||$400,000,000|
Even when you put it up against some of the largest and most prestigious gemstones the world has ever known, the Pink Star is still a remarkable and unique specimen.
It is no wonder that it has been sold for such an incredibly high price.
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So, what do you need to know about the price of the Pink Star? This incredible Fancy Vivid Pink diamond is a world-record holder when it comes to sale value: fetching $83,000,000 at auction in 2013.
Although it has been sold more recently at the lower price of $71,200,000, this is still more than any other gemstone has ever fetched.
It is a truly singular diamond, with a beauty and history to match its almost unbelievable price tag.
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