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The 9.00-carat Clark Pink, which sold for $15.7 million at Christie's in New York in April.



  Reluctant heiress' ring breaks U.S. record for most expensive pink diamond sold at auction


May 5, 2012


A fancy vivid purplish pink diamond ring, weighing 9.00 carats and mounted in platinum, was sold at a Christie's in New York for a jaw-dropping $15.7 million in April, which was the highest amount ever paid at an auction in the United States for a pink diamond.

The diamond, which had been dubbed the Clark Pink, was part of the estate of Huguette Clark, known to some as the "reluctant heiress." Born in 1906 as the youngest daughter of the former United States Senator and industrialist William A. Clark, she lived a reclusive life after 1930. Clark died in 2011 at age 105.

The Christie's sale totaled $70.7 million, and was 95 percent sold by lot and 97 percent by value. The cushion-cut Clark Pink ring was the star of the show, and substantially outdid its estimated selling price of $6 million to $8 million.

It is not the only pink diamond that is likely to make news at auction this year. In May the largest ever fancy pink diamond to be put up for sale at public auction will go on the block at Christie's in Shanghai, and the auction house estimates that the 12.04-carat stone could bring in more than $8 million.

The diamond is owned by a private collector and originally was purchased from Harry Winston in 1976. That same year the United States launched its Viking mission to Mars, and Ronald Winston named the diamond the "Martian Pink" to honor the event.

The Martian Pink is said to be particularly unusual in that it shows absolutely no trace of a secondary color, according to Christie's. "Combined with a Type IIa characteristic, the diamond shows an extraordinary limpidity together with a lovely intense pink coloration," Most natural pink show do show color modifiers, such as purple, orange and grey.

The choice of Shanghai for the auction is interesting, and indicates the growing confidence in the Chinese market.

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