Pink diamond sells for record $46M at auction

GENEVA (AP) - A rare pink diamond has smashed the world record
for a jewel sold at auction after a well-known gemstone dealer bid
over $46 million for the precious stone.
The price easily tops that of the blue 35.56-carat
Wittelsbach-Graff diamond auctioned for $24.3 million in 2008.
The 24.78 carat "fancy intense pink" diamond was sold Tuesday
for $46,158,674 by Sotheby's in Geneva.
Sotheby's says the buyer is British diamond dealer Laurence
Graff.
Estimates before the sale ranged from $27 to $38 million, not
including buyer's commission.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Associated Press












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