A rare pink diamond that is regarded as one of the most desirable and beautiful in the world was sold for a record 46.16 million dollars on Tuesday.
Sothebyâ€™s had valued the 24.78 carat Fancy Intense Pink diamond mounted on a ring at 27 million to 38 million dollars ahead of the sale in a luxury lakeside hotel.
But intense bidding wiped out the record of over 24 million dollars set during an auction in December 2008 in the sale of a grey-blue diamond Wittelsbach.
â€œAt 40.50 million francs, the world record price. Selling it. Sold,â€ said the auctioner, to applause as he brought down the hammer.
The final price of over 46 million dollars includes the hammer price and the commission.
Sothebyâ€™s said the buyer is Laurence Graff, a London-based diamond dealer, who had bought the jewellery for his personal collection.
â€œLaurence Graff is clearly a connoisseur of gemstones. Any connoisseur of gemstone would realise that this is a stone to own.
Had I the money, I would have bought it myself,â€ said David Bennett, chairman for Europe and the Middle East at Sothebyâ€™s international jewellery department.
Bennett had earlier described the pink jewellery â€œone of the purest diamondsâ€.
The â€œflawlessâ€ emerald-cut gemstone, which forms the centrepiece of the 500 lots in Sothebyâ€™s auctions of rare and precious jewellery, is rated among a type that accounts for just two per cent of diamonds.