An 11.5-carat pink diamond sold for a world record price at auction, $57.7 million.
An 11.5-carat pink diamond just set a new world record, selling for $57.7 million, which is more than $5 million per carat.
It shatters the previous record of nearly $2.7 million per carat for a Fancy Vivid Pink Diamond that sold in 2018. The chairman of jewelry and watches at Sotheby's Asia told Forbes the diamond has the best qualities possible for a pink diamond.The bidding was live-streamed and was quickly reduced to three participants -- someone at the Hong Kong Convention Center and two phone bidders.
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