In this undated photo released by Sotheby’s, The Williamson Pink Star is seen. AP
The 11.15-carat Williamson Pink Star diamond, auctioned by Sotheby’s Hong Kong, sold for $392 million Hong Kong dollars ($49.9 million). It was originally estimated at $21 million.
The Williamson Pink Star draws its name from two legendary pink diamonds. The first is the 23.60-carat Williamson diamond which was presented to the late Queen Elizabeth II as a wedding gift in 1947, while the second is the 59.60-carat Pink Star diamond that sold for a record $71.2 million at auction in 2017.
The Williamson Pink Star is the second-largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable of the colored diamonds.
"This is an astounding result, proving the resilience of top diamonds in a shaky economy,” said Tobias Kormind, managing director of 77 Diamonds.
"Hard assets such as world-class diamonds have a history of performing well even in times of instability," he said. "Some of the world’s highest quality diamonds have seen prices double over the last 10 years.”
Described as "completely flawless" by auctioneer Sotheby's, the 102.39-carat stone went to an unnamed telephone bidder for HK$122 million in an auction held online because of the coronavirus pandemic.
The world's largest known cut diamond went on public display for the first time on Monday ahead of its sale, when it is expected to reach $5 million.
The 228.31-carat pear-shaped gem, which was mined and polished in South Africa more than 20 years ago, is the largest white diamond ever to come to auction, said auction house Christie's.
An Indian expat with the ticket number 206975 has won Dhs30 million in Abu Dhabi Big Ticket’s one of the biggest ever raffle draw on Saturday.
"I commend the United Arab Emirates for the historic cooperation with Israel forged over the past two years through the Abraham Accords," said Antony Blinken, US Secretary of State, in a press statement on Friday.
The celebrations were attended by the Centre's staff and a broad multicultural segment of the mosque's worshippers and visitors, which reflected the rich Emirati heritage and noble values, and highlighted the mosque's message that calls for cross-cultural dialogue worldwide.
The Abu Dhabi Court for Family and Civil and Administrative Cases rejected a lawsuit filed by an ex-husband who demanded to obligate his divorcee to pay him Dhs28,000, claiming that he had transferred the agreed alimony to her bank account.