An enormous oval diamond named the “Pink Promise” was sold on Tuesday for an eye-watering $32.16 million at auction in Hong Kong. Auctioneers Christie’s said it was the second highest price per carat paid for a pink diamond, next to the five- carat “Vivid Pink” which sold in Hong Kong for $10.78 million in 2009. However, the diamond failed to sell at the higher end of the auction house’s estimates of up to $42 million. “It really shows that Hong Kong is a very important centre for jewellery today.”An ongoing anti-corruption drive in mainland China has done little to dent feverish bidding in Hong Kong’s auction houses. Earlier this year a giant diamond named the “Pink Star” broke the world record for a gemstone sold at auction when it fetched $71.2 million at Sotheby’s.

Source: Hindustan Times November 28, 2017 14:48 UTC