Pink Diamond Sets Australian Auction Record

pink-diamond.jpgAn incredibly rare and beautiful pink diamond ring has been sold at Bonhams & Goodman for $444,000 (including buyers’ premium), smashing its presale estimate of $265,000-295,000 and setting a new Australian auction record for a pink diamond. With final bidding between an unidentified telephone bidder and a woman in the room, there was a moment of high drama when auction proceedings were halted for several minutes to accommodate the bidder in the room to telephone her husband overseas to secure additional funds. With the funds secured, auctioneer Tim Goodman knocked down the ring to her.

The ring features one of the finest pink diamonds ever mined in Western Australia, a magnificent and extremely rare Fancy Vivid Purplish Pink diamond weighing 1.02ct, and was designed by prestigious jewellery house Asprey. This beautiful piece of jewellery is the most valuable jewellery item ever sold by Bonhams & Goodman and achieved the highest price ever realised for a finished piece of jewellery in Australia. Its price surpassed that of a stunning Fancy Yellow Intense diamond ring that was sold by Bonhams & Goodman for $402,600 (inc buyers premium) in June, 2008.

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1.02ct Fancy Vivid Purplish Pink
diamond ring by Asprey
Estimate: $265,000 – 295,000
Sold: $444,000 (including buyer’s premium)
22 September 2008