World’s Largest Fancy Intense Pink Diamond Goes Up For Sale

May 01, 2012

The world’s largest fancy intense pink diamond that hasn’t been seen on the market for over 36 years was recently auctioned off in Hong Kong for $17.4 million. With a bidding war that lasted over 10 minutes long the strikingly rare 12.04 carat diamond, known as the Martian Pink Diamond, auctioned off for more than double the estimated price by an anonymous telephone bidder. The beautiful gem was the highlighted item to be auctioned off at Christie’s Hong Kong Magnificent Jewels auction that raised $80 million this past Tuesday.

The Martian Pink diamond was originally sold by Harry Winston in 1976 which was the same year the United States launched its first satellite on a mission to Mars: The Viking Landers. Ronald Winston named the diamond to honor the historic event. During that time it sold for an estimate of 8.4 to 12.3 million to a private buyer. The Martian Pink diamond is mounted on a size 7, 18 karat yellow gold ring. To learn more about colored diamonds make sure to read our All About Fancy Colored Diamond post or visit our Diamond Jewelry section to view some of our exceptional pieces.

Established in 1912, the King family has owned and operated King Jewelers for five generations while building an outstanding reputation steeped in quality, value, and first-class service. Today, King Jewelers has brick-and-mortar stores located in Aventura, FL and Nashville, TN, both of which have won numerous regional and national awards of distinction. Offering a magnificent selection of fine jewelry collections including the hottest Italian designs, estate jewelry, colored gemstones and fancy-colored diamonds, as well as luxury European timepieces, King Jewelers prides itself in being one step ahead of the trend. In addition, King Jewelers offers on-site jewelry and watch repairs, custom design services, appraisals, estate buying, and corporate gift programs.

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