Published On: Thu, Nov 14th, 2013

Isaac Wolf Buys The ‘Pink Dream’ Diamond for $83 Million in Sothebys Geneva Auction Last Night

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Isaac Wolf, a New York-based diamond cutter, was the buyer of the almost 60 carat pink diamond that sold for $83,187,381 at Sothebys Geneva jewellery auction last night.

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Isaac Wolf in interview for Israeli channel 10

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The ‘Pink Dream’ sold last night to Isaac Wolf for a record $83 million.
Afterwards, Wolf gave the oval-cut stone a new name “Pink Dream”, New York-based Sotheby’s said. Three other bidders joined in bidding for the stone, which only took a few minutes before the the hammer dropped, followed by cheers and applause from the audience who sensed history being made.

The Pink Dream now holds the world auction record for a diamond; the world auction record for a pink diamond; the world auction record for any coloured diamond – and the world auction record for any jewel, period.

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The stone is an almost 60 carat colored diamond. The stone, oval-cut by Steinmetz Diamonds over a two year period – very carefully too one can imagine – is also the largest internally flawless, fancy, vivid pink diamond ever graded by the Gemological Institute of America.

“You can’t take your eyes off it,” says David Bennett, Chairman of Sotheby’s Jewellery in Europe and the Middle East, talking earlier of the Pink Dream. “It is difficult to exaggerate the rarity of vivid pink diamonds weighing only five carats, so this 59.60 carat stone is simply off the scale, and passes, I believe, into the ranks of the earth’s greatest natural treasures.”

A delighted blog from Sothebys deservedly gushed today that as a whole the auction was a tour-de-force as a succession of other wonderful pieces also went on the block to achieve the highest jewellery auction sale total in history at US$199,512,930 – yes US$200 million to you and me.

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GE1305_385_4

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Diamonds are truly a girl’s best friend – you can be sure that security guards are close at hand for this presentation.

The price for the Pink Dream almost doubled the previous record of US$46.2 million, established also by Sothebys in Geneva for the magnificent ‘Graff Pink’ in 2010.

To make up the record-breaking auction also last night other marvels of jewelry sold for fabulous sums, including Ganna Walska’s famous diamond brooch purchased from her by Van Cleef & Arpels in 1971 when she was nearly eighty. This simple item sold last night for US$10,555,778.

Designed as a phoenix set with brilliant- and single-cut diamonds of yellow tint, the tail feathers similarly set, accented with pear-shaped emeralds and a cabochon sapphire, suspending from the beak a detachable fancy vivid yellow diamond briolette weighing 96.62 carats,tail feathers detachable into a pair of ear clips and a brooch. Amazing.

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Ganna_Walska

 Ganna Walska

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