UPDATE: The “Pink Star” diamond sold for a whopping $71.2 million Tuesday at a Sotheby’s sale in Hong Kong, exceeding its original $60 million estimate to become the world’s most expensive cut diamond. A Chinese retailer conglomerate, Chow Tai Fook Jewellry, beat out two other bidders.

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Credit: Justin Tallis/AFP

Now this is what you call some serious bling.

Collectors all over the world are buzzing about the Pink Star, a 59.6 carat oval mixed-cut pink diamond that is the largest internally flawless fancy vivid pink diamond the Gemological Institute of America has ever graded. The sparkler is set to make a rare re-appearance on the auction block come April 4, when it will be awarded to highest bidder at a Sotheby’s sale in Hong Kong.

Aside from the rarity, the stone's backstory makes it all the more interesting. The diamond was sold by the auction house for a record-setting $83.2 million back in 2014, but the winning bidder failed to pay for the pretty piece after investors backed out. For undisclosed reasons, the second-highest bidder wasn't approached to purchase it and the gem instead remained in the Sotheby's inventory.

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The Pink Star is estimated to be worth well over $60 million, but experts suggest that the stone could fetch upwards of $100 million when it sells—making it the most expensive diamond in history.

A girl can dream, right?