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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST

This pink diamond sold for record $46 million!

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A rare pink diamond has smashed the world record for a jewel sold at auction after British diamond dealer Laurence Graff bid over $46 million for the precious stone.

The 24.78 carat "fancy intense pink" diamond was sold on Tuesday for $46,158,674 by Sotheby's in Geneva.

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Image: An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
Photographs: Valentin Flauraud/Reuters.
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This pink diamond sold for record $46 million!

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The auction sold the 24.78 carat gem on a ring , as part of its Magnificent Jewels sale.

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Image: An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
Photographs: Valentin Flauraud/Reuters.
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This pink diamond sold for record $46 million!

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The earlier record price was set by Christie's when they sold the blue 35.56-carat Wittelsbach-Graff Diamond for $24.3 million in 2008.

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Image: A rare Van Cleef and Arpels 6.43 carat vivid pink diamond ring and a pair of diamond earring.
Photographs: Toby Melville/Reuters.
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This pink diamond sold for record $46 million!

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Potential buyers had already checked out the precious diamond ahead of the sale.

Image: A model displays a cabochon sapphire-set ring dating form 1930 (L) a fancy vivid purplish pink diamond ring (C) and a fancy vivid blue pear-shaped diamond during a preview at Sotheby's auction house.

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Image: A model displays rings.
Photographs: Denis Balibouse/Reuters.
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This pink diamond sold for record $46 million!

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David Bennett, chairman for Europe and the Middle East at Sotheby's international jewellery department, called it "one of the purest diamonds."

Image: A vivid green diamond ring together with a fancy pink diamond ring and a fancy intense blue brilliant-cut diamond ring are displayed at Sotheby's auction house.

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Image: Diamond rings.
Photographs: Kieran Doherty/Reuters.
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This pink diamond sold for record $46 million!

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The flawless and pure gemstone was the centre of attraction in Sotheby's auctions of rare and precious jewellery next week.

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Image: An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
Photographs: Valentin Flauraud/Reuters.
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This pink diamond sold for record $46 million!

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It was last available in the market about 60 years ago when it was sold by Harry Winston, a jeweller.

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Image: A rare intense purple-pink cut-cornered rectangular mixed-cut diamond ring
Photographs: Denis Balibouse/Reuters.
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This pink diamond sold for record $46 million!

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The ring has a classic emerald cut with gently rounded corners.

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Image: A rare intense purple-pink cut-cornered rectangular mixed-cut diamond ring.
Photographs: Denis Balibouse/Reuters.
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This pink diamond sold for record $46 million!

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Such rare diamonds are considered by the super rich as a safe investment as well.

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Image: An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
Photographs: Valentin Flauraud/Reuters.
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This pink diamond sold for record $46 million!

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Discovered in India, Pink diamonds are a rarity.

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Image: A rare intense purple-pink cut-cornered rectangular mixed-cut diamond ring
Photographs: Reuters.
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This pink diamond sold for record $46 million!

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Sotheby's has not revealed the owner of the pink diamond.

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Image: Pink diamond ring.
Photographs: Courtesy, Sotheby's.
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This pink diamond sold for record $46 million!

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Other precious jewels that went under the hammer included jewellery that belonged to Cristina Ford, wife of Henry Ford II, grandson of the founder of the Ford Motor Company.


Image: Sotheby's jewels.
Photographs: Courtesy, Sotheby's.
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