“The Pink Star,” a 59.60-carat colored diamond. The oval-cut stone, the largest internally flawless fancy vivid pink diamond ever graded by Gemological Institute of America (GIA), sold for $83 million — a record for any gemstone at auction — when was auctioned by Sotheby’s in Geneva on Nov. 13. It was estimated to raise more than $60 million.
Isaac Wolf, a New York-based diamond cutter, was the buyer of ultra rare pink diamond last night. Wolf renamed the oval-cut stone the “Pink Dream,” New York-based Sotheby’s said. He competed against three others for the gem in bidding that lasted about five minutes before the strike of the gavel, followed by cheers and applause.