Sotheby’s to auction R760 million South African diamond (“The Pink Star”)

Sotheby’s plans to auction a 59.6-carat mixed cut diamond known as "The Pink Star" in Hong Kong next month.

De Beers mined the diamond in South Africa in 1999.

Sotheby’s aims to fetch at least R760 million for “The Pink Star”.

Arabile Gumede (in for Bruce Whitfield on The Money Show) interviewed De Beers Spokesperson Tom Tweedy.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It’s one of the most exciting diamonds on the planet!

Tom Tweedy, De Beers

This is the largest of its type in the world.

Tom Tweedy, De Beers

They’re extraordinarily rare.

Tom Tweedy, De Beers

Nobody knows why the diamond is pink.

Tom Tweedy, De Beers

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Article brought to us by Old Mutual.

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