Christie’s sells “vivid pink” diamond for $10.8 million

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Christie’s sells “vivid pink” diamond for $10.8 million

December 1, 2009 – Christie’s today sold a rare, 5-carat pink diamond in Hong Kong for $10.8 million, the highest price ever paid per carat at auction.
The sale of The Vivid Pink, the largest Fancy Vivid Pink Potentially Flawless diamond to ever be offered for sale at auction, underscored the resilience of the world’s rare gemstone market during the economic crisis.
The stone saw brisk bidding in Christie’s autumn sales in Hong Kong .
The gem’s per-carat price of $2.1 million stands as the new auction record price per carat for a diamond, Christie’s said.
The stone was set in a so-called “cushion-cut” ring by Graff Diamonds.
“US$2.1m per carat is by far the highest price per carat achieved for any diamond worldwide and, at US$10.8million, The Vivid Pink is the most expensive jewel sold at auction in 2009,” said Vickie Sek, Director of the Jewellery and Jadeite Department, Christie’s Asia.

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