Flawless pink diamond could fetch €49m

Sotheby’s has showed off a 59.6-carat pink diamond that will be auctioned in the Swiss city of Geneva in November at a record asking price of $60m (€49m).

The ‘Pink Star’, an internally flawless oval-cut vivid pink diamond, will become the most valuable diamond ever to be offered at auction, Sotheby’s said.

“I have had the privilege of examining some of the greatest gemstones in the world over the past 35 years, and I can say, without hesitation, that the ‘Pink Star’ diamond is of immense importance,” said David Bennett, chairman of Sotheby’s jewellery division in Europe and the Middle East.