This lack of supply has contributed to the global demand for pink gemstones, as demonstrated by offerings in the auction space. A Phillips Geneva auction in May 2024 saw a rare 1.56-carat red ...

The record price for a jewel or stone of any colour was US$71 million (HK$553 million) for the Pink Star, an oval-shaped, 59.6-carat fancy vivid pink diamond, sold at Sotheby’s Hong Kong in 2017.