Diamonds: The Sotheby’s Pink Star, Crater of Diamonds Finds & More

Pink Punk’d? Sotheby’s has been forced to cancel its sale of the Pink Star, the 59.6 ct. pink stone that supposedly sold in November for $83 million to New York City dealer Isaac Wolf. At the time, the price was an auction record for any gem or jewel. The stone is now sitting in Sotheby’s inventory, the auction house said in a Securities and Exchange Commission filing, the result of what it termed a “default” by Wolf, who bought it on behalf of a group. (Wolf did not return a call from JCK.) Sotheby’s spokesman Darrell Rocha says they have “great confidence in the desirability of the Pink Star because of its extraordinary rarity and quality.” In 2011, two record-setting sales—one at Sotheby’s, one at Christie’s—were also canceled. Both of those stones were sold quickly to private buyers. This time, there were at least three underbidders. Rocha declined c

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