Rare gemstone prices continue to set records at auctions

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The small but significant group of the world’s wealthiest people continue to break the record prices for rare gemstones in auctions. The record for the highest price ever paid for a vivid pink diamond at an auction was broken on October 7 when a private buyer from Asia paid $17,768,041 for a 8.41ct vivid pink diamond.

The GIA-graded vivid purple-pink diamond, graded Fancy Vivid by GIA, was bought at Sotheby’s auction in Hong Kong. It came close to breaking the record for the all-time per-carat price for a gemstone, with $2.1 million per carat.

The gemstone that holds the record for highest price is a pink diamond graded Fancy Intense by GIA, weighing 24.78 cts. It sold for $46 million in 2010. CJ

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