World

Pink Star diamond fetches record $83m at auction

A diamond known as the Pink Star has sold for $83m (£52m) at auction in Geneva — a record price for a gemstone.

The diamond measures 2.69cm by 2.06cm and is set on a ring.

The Pink Star was sold to Isaac Wolf, a well known New York diamond cutter who has renamed it the Pink Dream.

The winning bid surpasses the $46.2m paid for the Graff Pink diamond three years ago, which was half the size of the Pink Star.

The $83m includes Sotheby’s commission — via redwolf.newsvine.com

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