17.61°C Vancouver

Oct 7, 2022 6:17 PM - THE CANADIAN PRESS

Pink diamond breaks auction record in Hong Kong

Share On

A pink diamond was sold for $49.9 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction.

The 11.15-carat Williamson Pink Star diamond, auctioned by Sotheby’s Hong Kong, sold for $392 million Hong Kong dollars ($49.9 million). It was originally estimated at $21 million.

The Williamson Pink Star draws its name from two legendary pink diamonds. The first is the 23.60-carat Williamson diamond which was presented to the late Queen Elizabeth II as a wedding gift in 1947, while the second is the 59.60-carat Pink Star diamond that sold for a record $71.2 million at auction in 2017.

The Williamson Pink Star is the second-largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable of the colored diamonds.

Latest news

smith-ford-unveil-proposed-alberta-ontario-oil-pipeline-route-at-calgary-stampede
AlbertaJul 06, 2026

Smith, Ford unveil proposed Alberta–Ontario oil pipeline route at Calgary Stampede

Alberta Premier Danielle Smith and Ontario Premier Doug Ford have unveiled the proposed route for a west-to-east oil pipeline that would transport crude from Alberta to Ontario without crossing into the United States. According to an announcement by the Alberta and Ontario governments, the proposed pipeline would extend approximately 3,300 kilometres from Hardisty, Alta., to refineries in Sarnia, Ont. The Ontario government said the project would have the capacity to move up to 500,000 barrels of crude oil per day and could reduce Canada's reliance on imported refined petroleum products. Smith
canada-seeks-clarity-after-u-s-proposes-annual-cusma-reviews
CanadaJul 06, 2026

Canada seeks clarity after U.S. proposes annual CUSMA reviews

Canada's Minister responsible for Canada–U.S. Trade, Dominic LeBlanc, says the Trump administration's proposal to review the Canada–United States–Mexico Agreement (CUSMA) every year instead of extending it in its current form until 2042 has created significant uncertainty for Ottawa. According to LeBlanc, both Canada and Mexico had sought to maintain the trade agreement for another 16 years to provide long-term certainty for businesses and investors. However, Washington has indicated it is considering substantial changes to the agreement. LeBlanc said he and Mexico's Economy Secretary Ma
WorldJul 06, 2026

Deadly prison clashes in Sri Lanka leave at least 20 dead, more than 100 injured

At least 20 people were killed and more than 100 others injured after violent clashes erupted at a prison in Negombo, north of Sri Lanka's capital, according to local media reports and police. The unrest began Sunday at the prison in Negombo, about 35 kilometres north of Colombo, and continued into Monday. Authorities have not released details on what triggered the violence. According to local television station Hiru, those killed include both inmates and prison officials. The broadcaster also reported that more than 100 people were injured in the incident. Police spokesperson Chandana Herath
smith-to-host-premiers-stampede-breakfast-following-mixed-reception-at-calgary-parade
AlbertaJul 06, 2026

Smith to host Premier's Stampede Breakfast following mixed reception at Calgary parade

Alberta Premier Danielle Smith is scheduled to host the annual Premier's Stampede Breakfast in Calgary today, continuing a longstanding Stampede tradition that draws thousands of attendees. The event, held at the McDougall Centre, typically features members of the provincial cabinet and United Conservative caucus. According to the Premier's Office, approximately 4,000 people attended last year's breakfast, making it the largest turnout for the event in more than a decade. Smith's appearance comes after she received a mixed public reception during the Calgary Stampede Parade on Friday, where sp
out-of-control-wildfire-near-boston-bar-prompts-evacuation-alert
BCJul 06, 2026

Out-of-control wildfire near Boston Bar prompts evacuation alert

An out-of-control wildfire burning near the community of Boston Bar in British Columbia's Fraser Canyon has grown to more than 12 square kilometres, or approximately 1,230 hectares, as of Sunday evening, according to the BC Wildfire Service. Authorities have issued an Evacuation Alert for the main part of Boston Bar, meaning residents should be prepared to leave their homes on short notice if conditions worsen. The BC Wildfire Service said the fire was first discovered on July 2. Officials believe it was likely caused by human activity, although the cause has not been confirmed and remains und

Related News