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    THERE was a new world auction record for any diamond or jewel when the Pink Star, a 59.60-carat oval mixed-cut Fancy Vivid Pink Internally Flawless diamond, sold for US$71.2 million at Sotheby’s in Hong Kong tonight. This is the highest ever price for any object sold at auction in Asia.  The most valuable gemstone ever sold at auction made more than double the previous record for a fancy vivid pink diamond. The Pink Star was acquired by Hong Kong jeweller Chow Tai Fook and renamed The CTF Pink in memory of the late Dr. Cheng Yu-Tung, father of the current chairman and founder of Chow Tai Fook.  It also commemorates the 88th anniversary of the brand. The winning telephone bid was placed by Dr. Henry Cheng Kar-Shun, chairman of the company.

    “It is fitting that the owner of the most prestigious jeweller in Greater China should today break the record for the most valuable item ever sold in Asia as well as the most valuable diamond ever sold at auction – now appropriately named the CTF Pink – said Sotheby’s President and CEO Tad Smith, adding, “And Sotheby’s has been honoured and thrilled to serve this very discerning client for many years.”
    David Bennett, Worldwide Chairman of Sotheby’s Jewellery Division, added: “I am delighted that this magnificently beautiful diamond has been rightfully crowned the most valuable gemstone ever sold at auction. The price has more than doubled the record for a fancy vivid pink diamond that we set just last year in Geneva.”

    (See post on for March 20, 2017)

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