Pink diamond sells at auction for $57.73 million, becomes the most expensive ever per carat

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Pink diamond sells at auction for $57.73 million, becomes the most expensive ever per carat
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A pink diamond closed at auction for $57.73 million in Hong Kong Friday night, the most expensive diamond per carat ever sold.

“This is an astounding result, proving the resilience of top diamonds in a shaky economy,” Tobias Kormind, managing director of 77 Diamonds, told The Associated Press.

“Hard assets such as world-class diamonds have a history of performing well even in times of instability,” he said. “Some of the world’s highest-quality diamonds have seen prices double over the past 10 years.” The Williamson Pink Star diamond was cut from a rough 32.32-carat diamond recovered at the Williamson mine in Tanzania and is one of “world’s purest, most saturated” pink diamonds,It's fixed on an 18-carat pink, white and gold band. It’s also the second-largest pink diamond of its kind to ever be auctioned, according to Sotheby’s.

The most expensive diamond ever sold continues to be the 59.6-carat CTF Pink Star, which sold in 2017 for $71.2 million,

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