A Celebration of Jewelry and the Business Behind the Beauty
Leibish & Co
Tuesday, October 5, 2010
Pink Diamond Sets Canadian Auction Record
A pink diamond was auctioned for a Canadian record of $2.3 million Sunday in Toronto, according to media reports.
The gem was purchased by an anonymous buyer, possibly an American, via phone during Sunday's auction at the Park Hyatt Hotel in Toronto, The Toronto Star reported Monday. The gem, with a clarity rating of VS2, came from the Argyle mine in Australia, which is known as the world’s largest supplier of pink diamonds.
The sum paid for the diamond, which includes "full naming rights," beat the previous record for an auctioned gem in Canada, $244,000.
The auctioneer, Toronto-based Circa Auctions, said the pink diamond was valued at $2.4 million to $2.9 million before the auction.
This blog is for those who are passionate about jewelry and watches and want to learn more about the industry. It's a place to find the best new products from all over the world and the latest news about the business of jewelry, watches and luxury. Readers gain a backstage pass to the glamour, fun and difficulties of the industry.
I am a freelance writer and editor who covers the luxury jewelry and watch industry for several publications, including Forbes.com the Financial Times, Hong Kong-based JewelleryNetAsiaand the Italian jewelry magazine, VO+. In addition, I have my own blog covering the jewelry and watch industry, Jewelry News Network.