Quick Facts
The Story
The Pink Star, now known as the CTF Pink Star and originally as the Steinmetz Pink, is a 59.60 carat oval mixed-cut diamond graded Fancy Vivid Pink and Internally Flawless by the Gemological Institute of America. It is the largest diamond known to have received the Vivid Pink grade. The stone was bought by Chow Tai Fook at auction in 2017 and renamed in the company's honor.
De Beers mined the 132.5 carat rough in South Africa in 1999. The Steinmetz Diamonds Group cut the stone over roughly 20 months and unveiled it as the Steinmetz Pink in Monaco on May 29, 2003. That year it was also shown in the Smithsonian's "The Splendor of Diamonds" exhibition, and in 2007 it was renamed the Pink Star.
At Sotheby's Geneva on November 13, 2013, the diamond sold for CHF 76,325,000, about US$83.2 million including fees, to New York diamond cutter Isaac Wolf, but the buyer defaulted and the sale was not completed. On April 4, 2017, Sotheby's Hong Kong sold it for HK$553,037,500, US$71.2 million, to jeweler Chow Tai Fook. Sotheby's described the result as a record for any diamond or jewel at auction and a record for any work sold at auction in Asia.
Ownership Timeline
1999
De Beers
Mined the 132.5 carat rough in South Africa.
1999-2003
Steinmetz Diamonds Group
Cut the stone over roughly 20 months and unveiled it in Monaco on May 29, 2003 as the Steinmetz Pink; it was renamed the Pink Star in 2007.
2017-present
Chow Tai Fook Enterprises
Bought the diamond at Sotheby's Hong Kong on April 4, 2017 for US$71.2 million and renamed it the CTF Pink Star. A 2013 Sotheby's Geneva sale at about US$83 million had collapsed when the buyer defaulted.
Notable Events
1999
Rough diamond mined
De Beers recovers the 132.5 carat pink rough in South Africa.
2003
Unveiled as the Steinmetz Pink
After roughly 20 months of cutting, the 59.60 carat diamond debuts in Monaco on May 29, 2003. It is also displayed in the Smithsonian's "The Splendor of Diamonds" exhibition that year.
2013
Defaulted record sale in Geneva
At Sotheby's Geneva on November 13, 2013, the diamond sells for CHF 76,325,000, about US$83.2 million with fees, to Isaac Wolf, but the buyer defaults and the sale is voided.
2017
World record sale at Sotheby's Hong Kong
On April 4, 2017, the diamond sells for HK$553,037,500, US$71.2 million, to Chow Tai Fook, a record for any diamond or jewel at auction. It is renamed the CTF Pink Star.
Sources & References
The provenance and facts on this page are drawn from and can be cross-checked against these sources.
- WikipediaPink Star (diamond)
- Sotheby'sRecord Diamond is the Star of Hong Kong
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