'The Pink Star' diamond auctioned


'The Pink Star' Diamond Auctioned.The Pink Star' Diamond Was Sold For More Than 83.425 Million-Dollars At An Auction On Wednesday As A World Record For A Gemstone.

Washington: The Pink Star' diamond was sold for more than 83.425-million-dollars at an auction on Wednesday as a world record for a gemstone. David Bennett, chairperson of Sotheby's jewellery division in Europe and the Middle East, brought down the hammer in a Geneva hotel after an intense, five-minute bidding race.

'The Pink Star' Diamond Auctioned
According to Sotheby 's, the price that was paid for the flawless 59.60-carat pink diamond is the highest that has ever been paid for a gemstone at an auction, Fox News reported.
The bidding in Geneva was conducted in Swiss francs, starting at 48 million and working its way upwards million-by-million.There was a long silence as the price reached 67 million Swiss francs, before the in-room bidder came back with the winning 68 million — the equivalent of $83 million.
A bearded man apparently in his sixties was pitted in a one-on-race against a telephone competitor.Then 150 people in the auction room erupted into applause, as the theme tune from the "Pink Panther" was played in a tongue-in-cheek gesture.
The winning bidder, a bearded mandeclined to identify himself to AFP but confirmed that he had been representing another individual, whose name and location he refused to reveal.
The diamond had been estimated at $60 million. The price did not include Sotheby's commission, which the auctioneers were still to reveal.
The price that diamond fetched exceeded all expectation, as it was estimated to be sold for more than 60 million dollars.Three years ago, Sotheby's set an auction for "Graff Pink" gemstone record of $46.2 million commission included a diamond when it sold the Graff Pink gemstone
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