Pink Diamond Went for $10.8M

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Does this ring look like ten million bucks to you? Because that’s how much it fetched during an auction in Hong Kong last week. The ring is featured with a vivid pink diamond of 5 carats and is considered near perfect.

Its sale is far the highest on record, smashing even the record of that pink diamond sold in Geneva some 15 years ago for $2.2M.

Yahoo News has more of this story.

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