Pink Star expected to to sell for £37 million

The 59.60-carat pink sparkler diamond will be put up for auction today at Sotheby's in Geneva and is expected to break the previous record of £28.5 million.

If this so happens, it will become the most expensive diamond of the world ever sold. Experts hope it will break the £28.5 million record set by the Graff Pink diamond three years ago, which is half the size of the Pink Star.

The 59.60-carat Pink Star was polished and cut over two years and is expected to fetch over £37 million at the Sotheby's auction in Geneva.

Cut in a sleek oval shape, the diamond is the largest internally flawless Fancy Vivid pink diamond ever graded by the Gemological Institute of America.

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Posted in: Auction, Diamond, Offbeat, Pink Star