Diacore and Mellen Inc recently acquired an ownership interest in the 59.60-carat Pink Star diamond, which remains the largest internally flawless, fancy vivid pink diamond that the Gemological Institute of America has ever graded, according to Sotheby’s.
Sotheby’s, which holds the diamond in its inventory, announced its partnership with the two companies.
Nir Livnat, chairman of Diacore, commented, “From the moment it was unearthed as a rough diamond, we have always believed in the singular importance and value of the Pink Star. I am very pleased to partner with Sotheby’s and Mellen in this process. We purchased the original 132.50-carat rough, and took two years to cut and polish the stone into this stunning 59.60-carat, fancy vivid pink, oval-cut diamond – it is a true masterpiece of both nature and artistry.”
David Bennett, worldwide chairman of Sotheby’s Jewellery Division, said, “The explosion in demand for exceptional fancy coloured diamonds has been a driving force behind Sotheby’s recent string of record-setting jewellery sales. From the Graff Pink’s benchmark price of US$46 million in 2010, to the US$2.1 million price-per-carat achieved by the Unique Pink this month in Geneva, pink diamonds of the highest quality have been at the forefront of this market phenomenon. Such stones have been and always will be the very definition of rarity, with the Pink Star sitting at the pinnacle of this privileged list.”