Dubai unveils one of the largest flawless pink diamonds in the world – News

The 11.15-carat Williamson Pink Star diamond is expected to fetch more than $21 million at a Hong Kong auction in October

The Williamson Pink Star diamond at DMCC. —Wam

Published: Mon Sep 5, 2022 8:44 PM

Last update: Mon 05 Sep 2022, 09:18 PM

The Dubai Multi Commodities Center (DMCC) hosted the unveiling of one of the world’s largest internally flawless fancy hot pink diamonds – the “Williamson Pink Star” – at the Dubai Diamond Exchange (DDE) on Monday.

The 11.15-carat flawless pink diamond began its tour in Dubai and will travel to Singapore and Taipei, before being offered by Sotheby’s at a single-lot auction in Hong Kong in October. Expected to fetch more than $21 million, the Williamson Pink Star diamond has the potential to set a new price-per-carat record given its incredible clarity.

Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, said: “From announcing the UAE as the world’s largest rough diamond trading hub to releasing record diamond trading figures for the first half of the year, 2022 has been a monumental year. for Dubai Diamond History. Sotheby’s hosting the first unveiling of such an exceptional pink diamond on the Dubai Diamond Bourse is yet another demonstration of Dubai’s important role in the global diamond industry.

Wenhao Yu, Chairman of Jewelery and Watches at Sotheby’s Asia, said: “The discovery of a gem-quality pink diamond, regardless of its size, is an extremely rare event. Due to a limited supply and growing demand, prices for large premium pink diamonds over 5 carats have increased exponentially over the past decade, coincidentally setting the scene for the appearance now of this one-of-a-kind stone.”

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Sarah C. Figueiredo