05 April, 2017
Pink diamond of 59.6 carat was sold for $71 million in Honk Kong.
Pink diamonds get their color from a process called plastic deformation, which creates defects in the diamond's atomic structure by rearranging the carbon atoms and altering the way light is absorbed and reflected. The stone was cut and polished over two years by Steinmetz Diamonds and unveiled to the public in 2003 under the title of the "Steinmetz Pink".
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Picardo also said the draft would not change anything regarding "our continued, exclusive British Sovereignty". With over 700,000 Britons in Spain , they too could become bargaining chips as the diplomatic battle rages on.
But the buyer later defaulted, so the sale doesn't count.
In 2013, Isaac Wolf, a diamond cutter in NY, actually tried to buy the special gem for $83 million in Geneva - but he might have overestimated his millions, as he later had to default on the purchase. The auction house tried its luck again in Asia, where it said it has seen rising demand from wealthy buyers. Past year it sold an unspecified stake in the diamond to two companies, diamond specialist Diacore and NY jeweller Mellen Inc.
This isn't its first purchase of the kind; a year ago it bought a green diamond for $17 million at a Christie's auction, and in 2010 the jeweller set a record with its $35 million purchase of a rough diamond from Cullinan Mine.