The world's most expensive briolette diamond has been named "The Star of China" after it was bought for a record HK$86.1 million by Tiffany Chen, wife of entertainment mogul Charles Heung Wah-keung.
Wearing the pear-shaped diamond at a naming ceremony yesterday, Chen said she had called it after the couple's company, China Star Entertainment, of which she is vice-chairman.
"All women love [jewellery]," she said. "I will wear it on important occasions, not every other day."
The gem, weighing 75.36 carats, was sold at a Christie's auction on May 28. It is colourless and internally flawless. It dangles from a necklace made of smaller diamonds.
Chen, who also collects jade, confessed that she sometimes sold jewellery she had bought if she had too many pieces or didn't like the design.
"Sometimes I go out of my mind and buy too many … some have designs too fancy for my taste," she said, joking that she would sell the Star of China if someone was willing to pay double the purchase price.