Rare Pink Diamond Fetches Record $46M

London dealer snaps up most expensive stone ever sold at auction
By Rob Quinn,  Newser Staff
Posted Nov 17, 2010 1:43 AM CST
Rare Pink Diamond Fetches Record $46M
A screen at Sotheby's auction displays an earlier bid for the rare pink diamond.   (AP Photo/Anja Niedringhaus)

An extremely rare pink diamond has cut its way through world records at a Sotheby's auction. The 24.78 carat stone, graded "fancy intense pink," was sold to London jeweler Laurence Graff for $46,158,674, almost double the highest price ever previously paid for a gemstone at auction. Graff—who renamed the stone the "Graff Pink"— called it "the most fabulous diamond I’ve seen in my career," AP reports. The stone was last on the market 60 years ago. (Read more jewels stories.)

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