Back in the foreground the story of Pink Star, the most valuable diamond in the world. It is a story worth telling and that, perhaps, you are about to conclude. Pink Star, mounted on a ring, is a diamond that weighs much, 59 carats. It is considered the largest pink diamond fantasy, vivid, internally flawless, ever graded by the Gemological Institute of America (GIA). This diamond is going to be sold at Sotheby’s in Diacore and Mellen, two American companies.
We must now take a step back. The Pink Star was sold by Sotheby’s in Geneva in November 2013 to a record $ 83 million dollars. To purchase the diamond was been Isaac Wolf, head of a diamond cutting companies. All normal. But three months after the sale, surprise, Wolf was forfait. In a nutshell, he has not paid. It was a sensational case, which made noise in the world of jewelry and auctions. To explain the failure to pay, Wolf has even posted a video on YouTube, in which he explained that to acquisition he represented a group of investors who considered the diamond for a value of about 150 million. “I have not that much money in my piggy bank,” he defended himself. The fact is that the Pink Star is back to be part of the inventory of Sotheby’s, forced by contract to buy back the stone, and put in the balance sheet at a value of about $ 72 million. Now, though, Sotheby’s would have found someone who is willing to buy the pink star. Federico Graglia
