Rare 14.93-carat Pink diamond sold for over $32 million in Hong Kong

08:48 PM | 28 Nov, 2017
Rare 14.93-carat Pink diamond sold for over $32 million in Hong Kong
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HONG KONG - An enormous oval diamond named the “Pink Promise” was sold on Tuesday for an eye-watering $32.16 million at auction in Hong Kong.

The 14.93-carat pink gemstone went to an unidentified phone bidder as applause filled the room.

The Pink Promise Diamond, with Fancy Vivid pink rating, made headlines at the Christie's Magnificent Jewels Hong Kong auction, selling for nearly $32 million.

Auctioneers Christie’s said it was the second highest price per carat paid for a pink diamond, next to the five-carat “Vivid Pink” which sold in Hong Kong for $10.78 million in 2009.

However, the diamond failed to sell at the higher end of the auction house’s estimates of up to $42 million.

“It’s a very, very strong price,” François Curiel, Christie’s Europe and Asia chairman, told the international media after the sale. “It really shows that Hong Kong is a very important centre for jewellery today.”

An ongoing anti-corruption drive in mainland China has done little to dent feverish bidding in Hong Kong’s auction houses.

A 1,000-year-old bowl from China’s Song Dynasty was sold for $37.7 million in the city last month, breaking the record for Chinese ceramics.

Earlier this year a giant diamond named the “Pink Star” broke the world record for a gemstone sold at auction when it fetched $71.2 million at Sotheby’s.