Pink diamond sold for $31.6 million

The seller was the New York-based company Cora International.

Update: 2016-05-18 22:51 GMT
Pink diamond is also known as Unique pink. (Photo: Via web)

Geneva: An Asian man has paid a record $31.6 million for an extremely rare 15.38 carat pear-shaped pink diamond auctioned at Sotheby’s, making it the most expensive fancy vivid pink diamond ever to go under the hammer.

The rare gem called the ‘Unique Pink’ is set in a simple ring and was bought on Tuesday by an Asian private buyer who bid for it over the telephone and whose identity has been disclosed.

“The Unique Pink set a new world record for a fancy vivid pink diamond... It's the highest price ever paid for a fancy vivid pink diamond,” David Bennett, worldwide chairman of Sotheby’s international jewellery division, told reporters.

“It is difficult to imagine a diamond that better illustrates the term vivid pink than this outstanding stone...the color is simply astonishing,” Bennett was quoted as saying by the CNN on Wednesday.

The seller was the New York-based company Cora International. The most expensive pink diamond ever to sell at auction remains the 24.78 carat ‘Graff Pink’, which sold for $46.2 million at Sotheby’s in November 2010.

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