The world’s largest pink diamond, the Pink Star, has sold for a record $71.2m in Hong Kong today.

It beat the previous diamond record, set at $57.5m for the Oppenheimer Blue last year, by 21.7%.

At 59.6 carats the Pink Star is the biggest internally flawless fancy vivid pink diamond in the world. It was discovered in a De Beers owned mine in South Africa in 1999.

The new owner is Hong Kong conglomerate Chow Tai Fook Enterprises.

Please sign up to our free newsletter to receive exciting news about watch and jewellery auctions.