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Fancy Intense Pink Diamond

A truly rare pink diamond sells for a record $46m

GENEVA - 17. November 2010 - Surpassing expectations, the 24.78-carat "fancy intense pink" diamond was sold at the Sotheby's auction for a record-breaking $46 million, or 29 million British pounds.

To date, this is the highest price paid for a jewel. The gem was bought by Laurence Graff, a well-known top British diamond trader, who was bidding over the phone. The diamond eventually became known as the Graff Diamond.

As many fancy-color diamonds, pink diamonds are very rare in nature. This diamond was kept in a private collection for 60 years, since it was last time sold by a New York jeweller.

The previous record price paid for a diamond was back in 2008, when a blue 35.56-carat Wittelsbach diamond was sold for a lesser price of $24.3 million, or 16.4 million British pounds.

An illustration of pink-colour diamond
Pink diamonds are very rare, but when they're found
they attract record prices when sold. (Image by Freeimages.com)

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