On Nov. 13, the Pink Star, a nearly 60 ct. oval-cut fancy vivid pink diamond, sold at Sotheby’s Geneva for $83 million—eclipsing the world auction record for any diamond or jewel.

Four bidders competed for the rare 59.6 ct. gem, which ultimately went to diamond cutter Isaac Wolf after a mere five minutes of bidding. Upon its purchase, Wolf renamed the internally flawless fancy vivid pink diamond The Pink Dream.

Mined in 1999 by De Beers, the 132.5-carat rough pink diamond was cut and polished over a period of two years, only to be presented at auction for the first time last night. The final price of $83.2 million—well over its $60 million estimate—shattered the previous world auction record for a diamond or gemstone or jewel: the $46.2 million 24.78 ct. Graff Pink diamond, sold three years ago at Sotheby’s Geneva.

The Pink Star/Dream wasn’t the only impressive gem on the block in Geneva. Also sold on Nov. 13: the Walska Briolette Diamond brooch, a Van Cleef & Arpels creation featuring a 96.62 ct. fancy yellow briolette diamond (sale price: $10.6 million); brilliant-cut colorless diamond earrings weighing 23.77 and 23.78 cts., respectively ($9.2 million);  a 5.51 ct. pear-shape fancy intense blue diamond ring ($5.4 million); a 114 ct. Burmese Royal Blue sapphire ($7.1 million); and much more.

In total, the Magnficent Jewels sale earned $199.5 million—the highest jewelry sale in history.

It was a good week for record-setting jewelry auctions. On Nov. 12, also in Geneva, Christie’s sold the Orange—a 14.32 ct. fancy vivid orange diamond—for $35.5 million, setting a world record per-carat price ($2.4 million) for any diamond sold at auction.

JCK