'Martian Pink' diamond fetches $17m in Hong Kong

The "Martian Pink" diamond fetched $17.4 million at auction in Hong Kong this week when it went on sale for the first time in 36 years, more than double the estimated price.

Billed as the "largest round fancy intense pink diamond" ever to come up for auction, the stunning gem was the highlight of a Christies' jewellery auction that raised $80 million on Tuesday, the auction house said.

"Having appeared on the market for the first time in 36 years, The Martian Pink sold by Harry Winston in 1976 created a sensation during its worldwide exhibition tour and achieved a staggering US$17.4m after a 10-minute bidding war," said Vickie Sek of Christie's Asia.

The diamond was bought by an anonymous buyer, the auction house said.

"The US$80m auction was highlighted with top prices across the board, culminating in a world record price of US$551,000 per carat for a perfect Burmese ruby of 6.04 carats," Sek said.

Hong Kong has emerged as the world's third biggest auction centre after New York and London, thanks largely to the growing luxury market in mainland China.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Docu exposes destruction of PH marine resources VERA Files - The Inbox
    Docu exposes destruction of PH marine resources

    By Kiersnerr Gerwin B. Tacadena, VERA Files “Gutom (hunger),” Sen. Loren Legarda said is what’s in store for the Filipino people if destruction of our marine resources is not stopped. Legarda, chair of the Senate committee on Environmetn and Natural … Continue reading → …

  • ‘Yolanda’ fiberglass boats modern-day Noah’s ark VERA Files - The Inbox
    ‘Yolanda’ fiberglass boats modern-day Noah’s ark

    By Jane Dasal, VERA Files If you want to save the earth, build a boat. That's what a group of environmentalists is saying, especially if you want to save both the forests and fishermen affected by supertyphoon “Yolanda” (Haiyan). “Haiyan … Continue reading → …

  • Environmental groups oppose proposed coal-fired power plants VERA Files - The Inbox
    Environmental groups oppose proposed coal-fired power plants

    By Patricia Isabel Gloria, VERA Files GROUPS opposed to the building of 25 coal-fired power plants within the next six years gathered outside the gates of the Department of Environment and Natural Resources (DENR) on Tuesday, International Earth Day, as … Continue reading → …

POLL
Loading...
Poll Choice Options