The Most Expensive Diamond Sets Record

October 8, 2014 Cheryl Kremkow Jewelry Trends Tags: , , , 1 Comment

This is the most expensive diamond ever sold at auction: the 8.41 carat gem sold for $17.8 million

Move over Kimye.  Sorry, Beyonce. What is the most expensive diamond ring in the world?  A fancy vivid purple-pink diamond weighing 8.41 carats sold for $17.8 million at Sotheby’s Hong Kong on October 7, 2014.  That’s $2.1 million per carat.  Or $4.8 billion a pound!  Now THAT is a breathtakingly expensive engagement ring.

The previous record holder? A 5.00-carat fancy vivid pink diamond, sold for $10,776,660, or $2,155,332 per carat,  in Hong Kong in November 2009.

Let’s put that in perspective.  The Pink Star diamond is the most expensive gem ever to sell at auction: the 59.60 carat pink diamond sold for $83.02 million at Sotheby’s in November 2013.  That’s only $1.4 million per carat.  The buyer couldn’t come up with the cash to complete the purchase though, and Sotheby’s now owns that gem. The Graff Pink, a 24.78 carat pink diamond, sold for $46 million.  That’s just $1.9 million a carat.

How long will this record stand?  With the fancy fever gripping the diamond auction market, probably not too long. Stay tuned!

1 Comment

  1. Meiko Lucas 2 years Reply

    To call it beautiful would be an understatement! Infact all the superlatives we will try to use to describe it would fall short.I envy those lucky fingers currently wearing this immensely beautiful gem of the gem!

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