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Thanks to Rare Pink Diamond That Fetched $32M, Sotheby’s Breaks Jewelry Sale World Record

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The auction house raked in more than $175 million in total.

A pear-shaped pink diamond called “Unique Pink” sold for $31.6 million on Tuesday at Sotheby’s Geneva auction, pushing total sales for the auction to $175.2 million, a world record for any jewelry sale, Rapaport writes. The article says that the previous record was $160.9 million, also set by Sotheby’s in an equivalent auction in May of last year. Tipping the scales at 15.38 carats, “Unique Pink” was sold to an Asian private buyer for $2.1 million per carat. Sotheby’s had estimated it would sell for between $28 million and $38 million.

See the diamond at Rapaport

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If It’s Time to Consolidate, It’s Time to Call Wilkerson

When Tom Moses decided to close one of the two Moses Jewelers stores in western Pennsylvania, it was time to call in the experts. After reviewing two candidates, Moses, a co-owner of the 72 year-old business, decided to go with Wilkerson. The sale went better than expected. Concerned about running it during the pandemic, Moses says it might have helped the sale. “People wanted to get out, so there was pent-up demand,” he says. “Folks were not traveling so there was disposable income, and we don’t recall a single client commenting to us, feeling uncomfortable. It was busy in here!” And perhaps most importantly, Wilkerson was easy to deal with, he says, and Susan, their personal Wilkerson consultant, was knowledgeable, organized and “really good.” Now, the company can focus on their remaining location — without the hassle of carrying over merchandise that either wouldn’t fit or hadn’t sold. “The decision to hire Wilkerson was a good one,” says Moses.

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