Rare pink diamond ring sells for 46 million dollars

A rare pink diamond has smashed the world record for a jewel sold at auction after a well-known gemstone dealer bid over USD 46 million for the precious stone. The price easily tops that of the blue 35.56-carat Wittelsbach-Graff diamond auctioned for USD 24.3 million in 2008. The 24.78 carat "fancy intense pink" diamond was sold for USD 46,158,674 by Sotheby’s in Geneva. Sotheby’s says the buyer is British diamond dealer Laurence Graff.

Estimates before the sale ranged from USD 27 to USD 38 million, excluding buyer’s commission.

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