Pink diamond sells for more than $50M, setting world record

[TexasTowelie]

Christie's sold the "Pink Legacy" diamond at auction Tuesday for more than $50 million including fees, saying it's a new world record price per carat for a pink diamond.

Christie's said renowned jeweler Harry Winston was the buyer. The auction house had expected to fetch $30 million to $50 million for the nearly 19-carat, rectangular-cut stone, the largest fancy vivid pink diamond that it has ever put under the hammer.

It was the standout offering at Christie's fall jewelry auction in Geneva. The standing-room only ballroom broke into applause after the auctioneer struck down a hammer price of $44.5 million. That excludes the standard "buyer's premium" and other fees.

All told, the diamond went for $50.375 million, including the fees.

Read more: https://www.courant.com/nation-world/ct-pink-diamond-world-record-auction-20181113-story.html


In this Thursday, Nov. 8, 2018 file photo, a Christie's employee displays an 18.96-carat fancy vivid pink diamond during a preview at Christie's in Geneva, Switzerland. (Martial Trezzini / AP)

[ProudMNDemocrat]

1. Did the Donald buy it for Melanie?

Just wondering. She did look a bit bitchy while in France.

[dewsgirl]

2. Stunning!

[Blue_true]

3. Think of the number of hungry people that can feed, or homeless housed.

I am not impressed with questionable extravagance when there are large problems that money can fix, or at least reduce in scale.

[SammyWinstonJack]

12. Exactly my thoughts upon reading this. What a world.

[JI7]

13. we have the resources to feed people even with people spending millions on things like that diamond

it's just a matter of people agreeing to do it instead of feeling resentful that someone got something for free.

[sinkingfeeling]

4. I wouldn't say "no" if somebody wanted to gift me that beautiful ring.

[CentralMass]

5. ...

[flying rabbit]

11. my first thought. nt

[Small-Axe]

6. I don't find that diamond especially beautiful.

[Maru Kitteh]

8. it looks like a cheap fake

While I'm sure it may be more impressive in person, it doesn't really come through.

[oasis]

10. Maybe the employee who displayed it pulled the old "switcheroo".

[DFW]

7. I wouldn't have paid a cent over $40 million, myself........ n/t

[ProudLib72]

9. It was me. I bought it

What can I say? I have a thing for pink.