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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.

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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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
The auction sold the 24.78 carat gem on a ring , as part of its Magnificent Jewels sale.

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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
A rare Van Cleef and Arpels 6.43 carat vivid pink diamond ring and a pair of diamond earring.
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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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
A model displays rings.
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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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
Diamond rings.
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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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
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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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
A rare intense purple-pink cut-cornered rectangular mixed-cut diamond ring
It was last available in the market about 60 years ago when it was sold by Harry Winston, a jeweller.

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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
A rare intense purple-pink cut-cornered rectangular mixed-cut diamond ring.
The ring has a classic emerald cut with gently rounded corners.

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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
An employee poses with a 24.78 carat Fancy Intense Pink diamond at Sotheby's in Geneva.
Such rare diamonds are considered by the super rich as a safe investment as well.

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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
A rare intense purple-pink cut-cornered rectangular mixed-cut diamond ring
Discovered in India, Pink diamonds are a rarity.

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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
Pink diamond ring.
Sotheby's has not revealed the owner of the pink diamond.

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This pink diamond sold for record $46 million!

Last updated on: November 12, 2010 21:15 IST
Sotheby's jewels.
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.

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