Sotheby’s teamed up with two other firms to collectively own the Pink Star diamond, which has been valued at $72 million.
In November 2013, the oval mixed cut, 59.60-carat, fancy vivid pink,
internally flawless stone was sold to diamond cutter Isaac Wolf for a
world auction record of $83.2 million in Geneva.
The gem was returned to Sotheby’s after Wolf defaulted. “Diacore and
Mellen Inc. have acquired an ownership interest in one of the world’s
natural treasures: the remarkable Pink Star diamond,” Sotheby’s said in a
statement. “The three parties have formally partnered to achieve the
value of the 59.60-carat stone, which Sotheby’s holds in its inventory.”
No other details, including financial, were disclosed. However, a
Sotheby’s annual report published in February 2014 shows the diamond was
recorded in the company’s inventory at about $72 million.
It remains the largest internally flawless, fancy vivid pink diamond
ever graded by the Gemological Institute of America, Sotheby's said.
Diacore purchased the original 132.50-carat rough and took two years to
cut and polish it, the statement added.
Diacore is a diamond manufacturer headquartered in Johannesburg,
South Africa. Mellen Inc. is a family-run private jeweler based in New
York.
The exceptional diamond was recoverd from a mine in South Africa, originaly named the Steinmetz Pink.
Source:diamonds.net