Pink diamond sells for record $46 mn

Last Updated: Nov 17, 2010, 09:27 AM IST

Geneva: 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 yesterday 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, not including buyer`s commission.

PTI