Pink diamond breaks auction record in Toronto

by eyetee | October 18, 2010 12:00 am

SB_002-00299 — This 10.11-carat pink diamond sold for $2.3 million, the highest price ever paid for a diamond at auction in Canada.

A rare pink diamond billed as the most expensive auctioned in Canada has sold for $2.3 million.

Originally valued between $2.5 million to $3 million, the GIA-certified 10.11-carat cushion-cut diamond was discovered at the Argyle mine and is a rarity for its size. Most pink diamonds weigh less than three carats.

The buyer—who remains anonymous—has naming rights to the diamond, a VS2. The bid shattered the previous record of $250,000 for the most paid for a gem in Canada.

The public auction at Toronto’s Park Hyatt was hosted by Circa Auctions.

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