Dubai: It’s pink and uncommon – and that might all of the prompts a purchaser would want as a diamond bearing that color comes up for an public sale in October. For now, potential patrons from the UAE within the 11.15-carat ‘Williamson Pink Star’ can provide it an onceover at its show in Dubai’s Almas Tower right now (September 5).
“It’s internally flawless and we hope to set a brand new report for a pink diamond on a per carat foundation,” mentioned Sophie Stevens, Director for Jewelry at Sotheby’s, the agency that can deal with the public sale set for October 5 in Hong Kong. “And what makes it uncommon is that there aren’t too many pink ones coming off the mines, extra so after the Argyle mine in Australia closed down late 2020, and that’s the place 90 per cent of the pink diamonds used to come back from.
“It’s one of many the explanation why we’re moderately assured that the Williamson Pink Star will set a report for the best value per carat ever.”
This has been couple of years for valuable stones bought by way of auctions, and as ever, readability and rarity is far prized by patrons. A De Beers’ Culliinan blue diamond public sale – additionally by Sotheby’s – hauled in $58 million in April and was among the many highest achieved for a diamond of color.
Now, that is the house that the Williamson Pink Star can be coming into. The 11.15 carat stone was unearthed from a mine in Tanzania in December 2021, and was then introduced all the way down to its present proportions. “The method of turning it from a tough diamond to a minimize one took lengthy,” mentioned Sophie. “The inner flawlessness of the stone is what made the method longer.”
In 2017, a ‘CTF Pink Star’ weighing in at 59.60 carats bought for a report $71.2 million.
Pink is uncommon for a diamond – Here is why
Of all of the diamonds submitted to GIA (Gemological Institute of America), lower than 3% are categorized as coloured diamonds, and of these, lower than 5% are thought-about predominantly pink.
– Sotheby’s
On show in Dubai
As one of many world hubs for the world’s tough diamond commerce, Dubai and the UAE have figured as show factors for uncommon and expensive stones en-oute to their auctions and to the palms of a brand new proprietor. Almas Tower thus figures prominently within the diamond commerce house, internet hosting its personal set of auctions yearly.
What’s with the identify
The ‘Williamson Pink Star’ derives its identify from the mine within the Tanzania the place it was unearthed in December final. The mine belonged to Canadian geologist John Thorburn Williamson, who, by the way, offered a 23.60 carat diamond to Queen Elizabeth II as a marriage present in 1947. It was become a Cartier brooch.
