World-record purple-pink diamond sold for $29M at auction

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May 24 (UPI) — The largest purple-pink flawless diamond ever sold fetched nearly $30 million during a weekend auction in Hong Kong, Christie’s says.

Known as “The Sakura,” the fancy vivid diamond is 15.8 carats — the largest ever sold at auction — and was sold to an unnamed Asian buyer for $29.3 million on Sunday, said Vickie Sek, Christie’s Asia Pacific chairman of jewelry.

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“We are very excited to have marked another important chapter in jewelry auction history today with The Sakura realizing a record-breaking price … continuing Christie’s tradition of offering the finest pink diamonds at auction,” she said in a statement.

The previous record for largest purple-pink diamond sold at auction was held by the 14.8-carat “The Spirit of the Rose.” It was sold for more than $27 million in November at an auction organized by Sotheby’s in Geneva, Switzerland, CNBC reported.

Meanwhile, another notable pink diamond offered during Sunday’s auction also attracted a sizable bounty. Dubbed “The Sweet Heart,” the 4.2-carat fancy vivid pink diamond ring sold for $6.5 million.

“The strong sell-through rates and exceptional prices achieved for top-quality colored diamonds and gemstones reflect a robust market demand, and we look forward to extending this strong buying momentum to our upcoming live auction in New York” on June 8, Sek said.