Sotheby Auction in Hong Kong Sells Pink Diamond for $71.2 million

Pink Diamond

Sotheby’s auctioned a stunning 59.6 carat diamond known as the “Pink Star” which sold for $71.2 million in Hong Kong. This set a new world record for any diamond or jewel ever sold. This was an oval mixed-cut diamond which exceeded the previous records. The gemstone was sold at an even higher price at another Sotheby’s auction in Geneva, but the buyer could not come up with the money they say because of taxes.  The gem is the largest flawless fancy vivid pink diamond ever graded by the Gemological Institute of America. This shows that the market is shifting to Asia and taxation is helping to move things right along as per our model.

Latest Posts

Ford Files Patent to Spy on Drivers

Governments are pushing the public to switch to smart vehicles to reduce fossil fuel consumption, but there is also a second motive – surveillance. This September, Ford filed a new [...]
Read more

Socrates Forecasting the Insane Future

https://www.armstrongeconomics.com/wp-content/uploads/2015/11/Socrates-Project.mp4   COMMENT: Mr. Armstrong, I’m blown away by your computer. How did it know about July and September of this year, which you told us about long ago!? We [...]
Read more

Market Talk – September 17, 2024

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 378.54 points or -1.03% to 36,203.22 • Shanghai closed • Hang Seng increased 237.90 points [...]
Read more