"The world's most expensive diamond, the Pink Star, sold for a record-breaking $71.2 million at an auction in Hong Kong. But do you know the fascinating story behind this priceless gem? Read on to discover the secrets of the Pink Star diamond."
The Pink Star was mined in South Africa in 1999 and weighed a whopping 132.5 carats. It was cut and polished over
two years to create a stunning oval-shaped gem of 59.60 carats.The diamond was first auctioned in 2013 by Sotheby's in Geneva, where it fetched a record-breaking $83 million.
However, the buyer, a New York-based diamond cutter, defaulted on the payment and the diamond was put back on
the market.In 2017, the Pink Star was auctioned again in Hong Kong, where it was sold to a renowned jeweler from Hong Kong,
Chow Tai Fook, for $71.2 million.The Pink Star is graded as a Type IIa diamond, which is extremely rare and highly valued for its lack of impurities and
exceptional transparency.The diamond's stunning pink color is due to a process known as plastic deformation, where the crystal lattice structure
of the diamond is distorted during its formation deep within the Earth's mantle.
Conclusion-
"The Pink Star diamond is not just a priceless gem but also a fascinating geological wonder. Its incredible story of discovery, cutting, and auction makes it a true marvel of nature and human ingenuity. If you're a fan of rare gems and precious stones, don't miss the chance to admire the Pink Star diamond."