Rare pink diamond sells for record price

2009-12-03 05:20:50 (GMT) (WiredPRNews.com - Art, Business, News)

A rare pink diamonds sells at a Hong Kong auction for over ten million dollars.

A rare pink diamond sold for over ten million dollars at a recent auction.

Hong Kong (WiredPRNews.com) – A rare pink diamond was sold at a recent auction in Hong Kong for over $10 million. As reported by Reuters, the record $10.8 million bid on the “vivid pink” diamond gave a boost to the market for rare and large stones.

Francois Curiel, Europe Chairman of Christie’s, is quoted by Reuters as stating of the sale, “No stone has ever been sold for $2 million a carat, we were used to … a million dollars a carat for colored diamonds but never 2 million… This is an absolute record that is not going to be broken for a while I believe.”

As noted in the report, the sale beat the 15 year-old record of $7.4 million for a stone at a Geneva auction.

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