So is this one in the family now?

Hong Kong-based jewelry retailer Chow Tai Fook bought a 59.6 carat pink diamond for about $71 million, setting the world record for the top auction price for any gem. The stone has an unusual distinction: it has attracted even higher bids in the past.

The jeweler made the HK$553 million winning bid for the Pink Star, ending a five-minute contest that included three phone bidders, Sotheby’s said Tuesday. The oval-shaped diamond dethroned the Oppenheimer Blue, which fetched $58 million in May at Christie’s.

In a quirk of auction history, the record price for the Pink Star is some $12 million lower than the $83 million offer Sotheby’s adjudicated it for in 2013. That sale collapsed because the buyer, diamond-cutter Isaac Wolf, never paid, and the auction house had to reclaim the stone.

Bloomberg posting here -- https://www.bloomberg.com/news/articles/2017-04-04/sotheby-s-sets-world-record-selling-71-million-pink-diamond

Jeff