Russia to continue buying diamonds through state fund in 2025
The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.
There’s a new world record in gemstone sales: $83.2 million for the 59.6 carat Pink Star.
Sold on Wednesday at a Sotheby’s action in Geneva, the internally flawless Pink Star was expected to fetch $60 million.
According to Reuters, the man who bought the ring said he was “buying it on behalf of an anonymous person whom he represented.”
The previous record was held by the 24.78-carat Graff Pink, sold in 2010 for $46.2 million.
The ring-mounted Pink Star is the largest flawless pink diamond that the Gemological Institute of America (GIA) has ever graded. It was first shown to the public in 2003 and was later exhibited at the Smithsonian in Washington.
See also: This $60 million diamond is called the ‘Pink Star’ for a reason
4 Comments
BILLIONAIRE PR GIRL
A tribute to the Creation of Earth – A testament to over 4.5 billion years of Earth history. A Natural Treasure of Supreme Historical Importance.
diamond lover
it must be from Zimbabwe
Tonyyayo
This is definitely a Botswana Product…
Crown Jewelers
In case you do not wish to spend a whole lot on diamond rings, you could always consider an antique shop or refer to a few advertisements in the newspaper or online. Rings purchased from antiques would always have a unique look to it, the cuts are certainly flawless and are usually done by hand. The web today gives out incredible discounts on the ring. You may want to look out for such deals as well.
Engagement Rings for sale