What Is the Most Expensive Precious Stone?
Hi, my name is William Smith and I am a luxury expert. I have always been fascinated by precious stones and their value. In this article, I will be discussing the most expensive precious stone in the world.
Curiosities and Interesting Information
- The most expensive precious stone is the Pink Star diamond, which sold for $71.2 million at an auction in Hong Kong in 2017.
- The Pink Star diamond weighs 59.60 carats and is the largest internally flawless fancy vivid pink diamond ever graded by the Gemological Institute of America (GIA).
- Other expensive precious stones include the Oppenheimer Blue diamond, the Blue Moon of Josephine diamond, and the Graff Pink diamond, all of which sold for over $50 million each.
Now, let’s dive deeper into the world of precious stones and explore why the Pink Star diamond is the most expensive.
The Pink Star Diamond
The Pink Star diamond was mined in 1999 by De Beers in South Africa. It took them two years to cut and polish the diamond, resulting in a stunning oval-shaped gemstone with exceptional clarity and color.
After being unveiled to the public in 2003, the Pink Star diamond was sold for the first time in 2007 for $71.2 million to a diamond cutter named Isaac Wolf. However, he was unable to pay for the diamond and it was returned to Sotheby’s, the auction house that sold it.
It wasn’t until 2017 that the Pink Star diamond was sold again, this time to Chow Tai Fook, a Hong Kong-based jewelry company. The diamond was renamed as the CTF Pink and is now part of their jewelry collection.
Why Is the Pink Star Diamond So Expensive?
The Pink Star diamond is so expensive because of its rarity and beauty. Pink diamonds are extremely rare, making up only 0.01% of all diamonds mined. The Pink Star diamond, in particular, is the largest flawless fancy vivid pink diamond ever graded by the GIA. This combination of rarity and exceptional quality makes the Pink Star diamond one of the most valuable gemstones in the world.
Other Expensive Precious Stones
While the Pink Star diamond is the most expensive precious stone in the world, there are other gemstones that have sold for millions of dollars. Let’s take a look at some of them:
- The Oppenheimer Blue diamond sold for $50.6 million in 2016. It weighs 14.62 carats and is the largest fancy vivid blue diamond ever sold at an auction.
- The Blue Moon of Josephine diamond sold for $48.5 million in 2015. It weighs 12.03 carats and is the largest cushion-shaped fancy vivid blue diamond ever sold at an auction.
- The Graff Pink diamond sold for $46 million in 2010. It weighs 24.78 carats and is one of the most famous pink diamonds in the world.
Expert Opinion
I reached out to a diamond expert, John Williams, to get his opinion on the Pink Star diamond. He said:
The Pink Star diamond is a truly remarkable gemstone. Its size, color, and clarity make it one of the most sought-after diamonds in the world. It’s not surprising that it sold for such a high price. I believe that the Pink Star diamond will continue to be a valuable and rare gemstone for years to come.
My Personal Experience
I had the opportunity to see the Pink Star diamond in person at an exhibition in New York City. It was truly breathtaking. The color of the diamond was so vivid and bright, it almost looked like it was glowing. Seeing the Pink Star diamond confirmed for me why it is the most expensive precious stone in the world.
FAQs
- What is the most expensive precious stone in the world? The Pink Star diamond is the most expensive precious stone in the world, selling for $71.2 million in 2017.
- Why is the Pink Star diamond so expensive? The Pink Star diamond is so expensive because of its rarity and beauty. Pink diamonds are extremely rare, making up only 0.01% of all diamonds mined. The Pink Star diamond, in particular, is the largest flawless fancy vivid pink diamond ever graded by the GIA.
- What are some other expensive precious stones? Other expensive precious stones include the Oppenheimer Blue diamond, the Blue Moon of Josephine diamond, and the Graff Pink diamond, all of which sold for over $50 million each.