Yippee!! Pink Diamond Sells for Record $46 Million at Auction

[leftstreet]

Pink Diamond Sells For Record $46 Million At Auction





November 16, 2010
GENEVA — A rare pink diamond smashed the world record for a jewel at auction Tuesday, selling for more than $46 million to a well-known gem dealer.

London jeweler Laurence Graff paid $46,158,674, for the 24.78-carat "fancy intense pink" diamond, which he immediately named "The Graff Pink."

The sale price was almost double the $24.3 million achieved by the blue 35.56-carat Wittelsbach-Graff diamond in 2008. That was also bought by Graff.

Rich buyers from developing countries have been dipping their hand in the high end of the market in recent years, but experts say emerging middle classes particularly in India are doing as much if not more to lift prices. Ongoing doubts about the stock market have also helped drive up the value of gold and precious jewels, said van Drunen.

http://www.huffingtonpost.com/2010/11/16/pink-diamond-sells-for-re_n_784479.html

[aquart]

1. I don't look good in pale pink.

Could I have one in bright yellow, please?

[leftstreet]

3. Can you do blue?

This same dude paid $24.3 million for this one in 2008.

[aquart]

5. Very nice, but no. These are rocks for blue-eyed blondes.

I'm an autumn. A yellow diamond, a watermelon tourmaline, peridot, rutilated quartz, garnet, fire opal, the occasional emerald...it is my misfortune to look better in semi-precious stones.

[Hannah Bell]

2. high prices for luxuries = rich people doing fine.

[Arctic Dave]

7. +1

[slackmaster]

18. Rich people always do fine. It's been that way for all of recorded history.

No matter how the rest of us are doing.

[Jamastiene]

4. There must be something wrong with me in that department.

I like jewels, diamonds, gold, and all that too, but not enough to pay a high price for them. I think a hundred dollars is too much to pay for jewelry. Cheap knockoffs are good enough for me, if they are still kind of pretty. I don't even care if they are plastic. I just don't care. Pretty is pretty. :shrug:

There must be something wrong with me in that department.

One thing though, I always liked diamond needles for my record players. So, I digress. I guess I'm willing to pay somewhat of a price for a diamond in that case. :D

It IS a very pretty diamond.

[Scruffy1]

17. I would like one that size for dressing my grinding wheel

Industrial diamonds are cheap and the same thing only not clear. A jeweler can't even tell a fake diamond by looking so what in the hell makes a diamond so valuable. I think its all just an ego trip like Rolex watches that don't keep time as well as a five electronic one. Also the diamond cartel keeps prices jacked up by controlling the supply. Fuck "blood diamonds"

[canetoad]

6. Among the things on my list of obscenities

are:

Highly priced minerals or metals worn as decoration and/or status symbol
Bottles of wine that cost more than an entire three course meal
Works of art that sell for several million times the price the artist received
Ownership of corporate shares by people who quickly forget their working class roots at dividend time

I'd like to say I admired the diamond but I dont; it's a piece of washy-pink, see-through coal and a fraction as useful.

[tiny elvis]

8. your elaborate protestations have aroused my sixth sense

[canetoad]

9. Remain calm

Do NOT turn around.

[billlll]

11. GOLD, ready to eat.... flakes. -- List of obscenities

Google Edible Gold

Foil, flakes.

$25 000 each ice cream sundae with gold in chicago

How about for your list the art--

Ten million handmade balls of (was it talc stone?) at Louvre Or handpainted thousAnds identical lilacs on wallpaper Or wrapping an island.

[Raine]

10. Well it is pretty

but I have beautiful ring with a simulated jewel that cost under $20 and is just as pretty. I can wear my ring anywhere it doesn't have to be kept in a safe.

[OneGrassRoot]

12. It IS obscene. If the way the uber wealthy must "suffer"....

according to those defending them is to not get a $46 million ring, or have three vacation houses rather than 6, or their kid gets a $40k car versus a $400,000 car, then so be it.

Bring on the suffering, 'cause the injustice is appalling and hard to ignore.

:cry:

[Wednesdays]

13. Exactly. How many people would get healthcare for that piece of rock?

:banghead:

[Evasporque]

16. Bush tax cuts at work trickling down....nt

[jberryhill]

14. Security was headed by this guy

[Blue_Tires]

15. So that's what happened to the blood diamond after the movie...