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Sakura Diamond sells for $37.7 million, smashing auction record

The 4.19 carat pink Sweet Heart diamond ring also sold at the weekend auction.

The 4.19 carat pink Sweet Heart diamond ring also sold at the weekend auction. Photo: ABC/Christie's Magnificent Jewels

A pink diamond named after the famous Japanese cherry blossom flowering trees of the same colour has sold at auction for a record price.

“The Sakura Diamond,” a 15.81-carat fancy vivid purple-pink diamond ring set a world auction record price for a diamond with this rare colour combination, fetching $226 million Hong Kong dollars ($AU37.7 million) on Sunday.

The ring was sold by Christie’s Hong Kong. Bidding opened at $HK170 million and climbed to the final hammer price of $HK226.275 million, plus commission.

It was bought by a telephone bidder.

‘Sakura’ is the Japanese word for cherry blossoms that bloom for a very short period at the beginning of spring.

While it was the largest and most expensive, it wasn’t the only pink diamond sold at the high-end auction.

The ‘Sweet Heart’ diamond, shaped like a love heart, also sold for a far more modest price of $HK50 million ($8.3 million).

The previous price record for a purple-pink diamond is held by “The Spirit of the Rose”. The 14.83-carat stone sold at auction for more than $33.6 million at Sotheby’s Geneva in November 2020.

-ABC

Topics: Diamonds
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