A giant pink diamond has become the most expensive jewel ever sold at auction, fetching $71.2 million at Sotheby’s in Hong Kong, reports CNN.
Clocking in at 59.60 carats, the Pink Star was the largest polished diamond ever to go on the auction block.
The winning bid came from Hong Kong jewelry firm Chow Tai Fook. The company’s chairman, Henry Cheng Kar-Shun, phoned in the bid.
The final price was 553 million Hong Kong dollars, including the buyer’s premium, or auction house charge.
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