The Pink Dream Diamond


The “Pink Star” was promptly renamed to “Pink Dream” after Isaac Wolf, a New York based diamond cutter, purchased the gemstone for $83.2 million in Switzerland last week. The 24.78 carat pink diamond was once owned by Harry Winston. The final auction price, at Sotheby’s Geneva, blew away a previous world auction record for jewelry, on this same gemstone that was previously sold for $46.2 million to its previous owner in 2010.

The gemstone is the world’s largest internally flawless pink diamond graded by GIA.

What makes a diamond worth so much more in 4 years? Diamonds can be valued objectively, unlike fine art, where profits for the sparkling gemstones can fetch far higher prices.

[News Story Source: National Jeweler]


About Jewelry Warehouse

Jewelry Warehouse is a locally owned jewelry store that has 2 locations located in Columbia SC. We have been voted best jewelry store by the State newspaper – the largest paper in SC, for 22 years in a row. Originally founded in 1969, George Satterfield started the Jewelry Warehouse. It was his vision to always get quality jewelry but to price lower than traditional jewelry stores. After 40 years his vision has continued even after his death in 2005. With the growth and development of the internet, the plan is stronger than ever as not only does The Jewelry Warehouse still offer the best price and quality in SC, it now has the best pricing in the United States! People from California to New York now can get jewelry that is sold in the cities for significantly more, at South Carolina pricing. With a satisfaction Guarantee, buying from Jewelry Warehouse gives people everywhere a risk free opportunity to try us and save on quality merchandise.
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