Some diamonds are beautiful. Others become part of history.
The Pink Star Diamond is one of those rare gems that people remember for years. It has amazed collectors, jewelers, and diamond lovers because of its incredible size, rich pink color, and record-breaking value.
Many people first hear about it after reading news about its auction price. Others simply wonder why one pink diamond could be worth millions of dollars.
In this guide, you'll learn what makes the Pink Star Diamond so special, how much the pink star diamond price has reached, why it is considered one of the rarest diamonds ever discovered, and whether a star diamond ring offers a similar look for everyday wear.
What Is the Pink Star Diamond?
The Pink Star Diamond is one of the rarest natural pink diamonds ever discovered. It weighs 59.60 carats after cutting and polishing and has received the highest Fancy Vivid Pink color grade. Its rich, even pink color and exceptional clarity make it one of the finest colored diamonds ever graded.
Many people who admire the Pink Star Diamond also look for pink diamond ring with a similar color. While they may not have the same rarity, they offer a beautiful way to enjoy the look of a pink diamond for everyday wear
The diamond was cut from a rough stone found in South Africa in 1999. Experts spent nearly two years carefully planning and polishing it to preserve its natural color and quality. Because of its size, color, and rarity, the Pink Star Diamond is considered one of the most important and valuable pink diamonds in the world.
The Story Behind the Pink Star Diamond
The Pink Star Diamond began as a 132.5-carat rough diamond discovered by De Beers in Africa in 1999. Because natural pink diamonds are extremely rare, experts spent months planning how to cut it without losing its color or size.
The cutting and polishing process took nearly two years. Every step was carefully planned to create a diamond that showed its natural color while keeping as much weight as possible.
After it was revealed, the Pink Star Diamond gained worldwide attention and became the highlight of major international auctions. In 2017, it sold for US$71.2 million, making it one of the most valuable diamonds ever sold at auction. Today, it is known as one of the rarest pink diamonds in the world.
Who Owns the Pink Star Diamond?
The Pink Star Diamond was purchased at auction in 2017 by Chow Tai Fook Enterprises, a Hong Kong-based jewelry company. The diamond was sold for more than $71 million, making it one of the most expensive diamonds ever sold at auction.
After the purchase, the company renamed the gemstone CTF Pink Star in honor of its founder, Dr. Cheng Yu-Tung. Today, the diamond remains part of Chow Tai Fook's collection and is regarded as one of the world's most valuable and famous pink diamonds.
Because of its extraordinary rarity, size, and rich Fancy Vivid Pink color, the Pink Star Diamond is not available for public purchase. It is considered a historic gemstone that represents the highest level of natural diamond quality.
Why Is the Pink Star Diamond So Famous?
Several reasons make this diamond stand out from other pink diamonds.
- It has an extremely rare Fancy Vivid Pink color.
- It weighs 59.60 carats after polishing.
- It became one of the highest-priced gemstones ever sold at auction.
- Very few natural pink diamonds of this size and quality exist.
- Its combination of color, clarity, and carat weight is exceptionally rare.
For many collectors and gem experts, the Pink Star Diamond represents one of the rarest natural diamonds ever discovered.
Why Are Pink Diamonds So Rare?
Pink diamonds are one of the rarest diamonds in the world. Unlike yellow or blue diamonds, their color is not created by trace elements. Most experts believe their pink color forms because of changes in the diamond's crystal structure caused by extreme pressure deep inside the Earth. This rare natural process is still not fully understood.
Another reason pink diamonds are so uncommon is their limited source. For many years, the Argyle Mine in Australia produced most of the world's natural pink diamonds. After the mine closed in 2020, the supply became even smaller, making these diamonds much harder to find.
Natural pink diamonds are difficult to find, which is why they are rarely used in an engagement ring. Many couples choose other pink diamond options that offer a similar appearance while staying within their budget.
What Makes the Pink Star Different From Other Pink Diamonds?
Many pink diamonds are beautiful, but very few combine all of these qualities:
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Rich Fancy Vivid Pink color – One of the strongest and rarest natural pink color grades ever given to a diamond.
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Nearly 60-carat finished weight – At 59.60 carats, it is much larger than most natural pink diamonds.
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Excellent clarity – It received an Internally Flawless clarity grade, which is extremely rare for a pink diamond of this size.
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Exceptional polish – Expert cutting and polishing helped preserve its size while bringing out its natural color.
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Historic auction record – It sold for $71.2 million in 2017, setting a world auction record at the time.
- International recognition – It is widely known as one of the rarest and most important natural pink diamonds ever discovered.
Most pink diamonds available today are much smaller, often weighing less than one carat.
Finding another natural pink diamond with the same combination of color, size, clarity, and history as the Pink Star is extremely unlikely.
Is a Lab-Grown Pink Diamond a Good Alternative?
Yes, for many buyers it is.
Lab-grown pink diamonds have the same physical and chemical properties as natural diamonds but are created in controlled laboratory conditions.
Benefits include:
- More affordable pricing
- Larger sizes within budget
- Good color options
- Suitable for engagement rings
- Easier to replace if needed
Today, there are many lab grown diamond rings under $4000 that offer attractive pink diamonds in different cuts and settings. They are a practical choice for buyers who want quality and value without the high cost of a rare natural diamond.
Final Thoughts
The Pink Star Diamond is much more than an expensive gemstone. It represents years of craftsmanship, extraordinary natural rarity, and one of the most remarkable discoveries in the history of diamonds.
While very few people will ever own a diamond like this, learning about its journey helps us appreciate why certain gemstones become world-famous.
If you're looking for pink diamond-inspired jewelry, Antiquecut offers a selection of designs created for everyday wear. Whether you prefer a classic or unique style, you can find options that match different budgets and personal preferences.
Design Your Own Jewelry with Antiquecut
FAQs
1. What shape is the Pink Star Diamond?
The Pink Star Diamond is an oval mixed-cut diamond. This cut helps maximize both its size and the appearance of its natural pink color.
2. Can you buy a Pink Star Diamond ring?
No. The original Pink Star Diamond is a one-of-a-kind gemstone and is not available for purchase. However, many jewelers offer pink diamond rings and lab-grown pink diamond rings inspired by its appearance.
3. Is a star diamond ring the same as the Pink Star Diamond?
No. A star diamond ring is a general jewelry style or product name, while the Pink Star Diamond is a specific natural pink diamond known for its rarity and record-breaking auction price.
4. Are pink diamonds a good investment?
Natural pink diamonds have historically attracted collectors because of their limited supply. However, like any valuable asset, prices can change over time, so they should not be purchased with guaranteed investment expectations.
5. What is the rarest color of diamond?
Red diamonds are generally considered the rarest natural diamond color. Fancy Vivid Pink diamonds, like the Pink Star Diamond, are also among the rarest and most valuable colored diamonds in the world.
