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Diamond Sells for World Record $71M

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It’s the most valuable gem in existence.

The 59.60-carat “Pink Star” diamond has sold for a record-setting $71 million at auction in Hong Kong.

The buyer was jewelry giant Chow Tai Fook, Bloomberg reports. Sotheby’s wrote in a tweet that the price is “a new record for any diamond or jewel at auction.”INSTORE pinkstar1a

The gem is the largest internally flawless, fancy vivid pink diamond ever graded by the Gemological Institute of America.

Before the auction, only one diamond had stood in the way of the Pink Star claiming the title of most gemstone ever sold at auction: the 14.62-carat Oppenheimer Blue. The fancy vivid blue diamond sold at Christie’s Geneva last year for nearly $58 million.

Oddly enough, the Pink Star sold for an even higher price — $83 million — in 2013 at Sotheby’s Geneva. But that sale was canceled.

Read more at Bloomberg

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Moving Up — Not Out — with Wilkerson

Trish Parks has always wanted to be in the jewelry business and that passion has fueled her success. The original Corinth Jewelers opened in the Mississippi town of the same name in 2007. This year, Parks moved her business from its original strip mall location to a 10,000-square foot standalone store. To make room for fresh, new merchandise, she asked Wilkerson to organize a moving sale. “What I remember most about the sale is the outpouring excitement and appreciation from our customers,” says Parks. Would she recommend Wilkerson to other jewelers? “I would recommend Wilkerson because they came in, did what they were supposed to and made us all comfortable. And we met our goals.”

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