'Pink Promise' Diamond Sells for More than US$32M in Hong Kong

An enormous oval diamond named the "Pink Promise" was sold Tuesday for an eye-watering US$32.16 million at auction in Hong Kong. The 14.93-carat pink gemstone went to an unidentified phone bidder as applause filled the room. Auctioneers Christie's said it was the second highest price per carat paid for a pink diamond. 

pink diamond promise.pngIt is next to the five-carat "Vivid Pink" which sold in Hong Kong for $10.78 million in 2009. 

However, the diamond failed to sell at the higher end of the auction house's estimates of up to US$42 million.

"It's a very, very strong price," Fran├žois Curiel, Christie's Europe and Asia chairman, told AFP after the sale.

"It really shows that Hong Kong is a very important centre for jewellery today."

An ongoing anti-corruption drive in mainland China has done little to dent feverish bidding in Hong Kong's auction houses.

the pink promise.jpgStephen Silver, chief executive officer of Stephen Silver Fine Jewelry, left, speaks with auctioneer Rahul Kadakia at the Christie's Hong Kong Autumn Auctions on November 28, 2017 in Hong Kong.. Source:  CNN Style 

A 1,000-year-old bowl from China's Song Dynasty was sold for $37.7 million in the city last month, breaking the record for Chinese ceramics.

Earlier this year a giant diamond named the "Pink Star" broke the world record for a gemstone sold at auction when it fetched $71.2 million at Sotheby's.

Read More: CTV News


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