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Writer's pictureDaily news stories by Lucas

18-carat pink diamond sold for 28.8 million at Geneva auction

{O/C} And tonight’s icing on the cake: An 18-carat pink diamond that blings.


The rarity went under the hammer at a Christie's auction in Geneva for a whopping 28.4 million Swiss francs, or 28.8 million U.S. dollars.


{RVO}


(More on that below)


This pear-shaped "Fortune Pink" fancy vivid pink stone is believed to be the largest of its kind and shape to be auctioned off.


Topping Christie's jewellery sale, it had been expected to fetch between 25 to 35 million.


According to the auction house, it was an unidentified Asian buyer who snapped up the gemstone.


Christie's says the first pink diamonds ever recorded were found in Indian mines, before others turned up over the centuries in Africa, Australia, Brazil and Russia.


The pink stone's auction followed a showroom tour in New York, Shanghai, Singapore and Taiwan.


However, one online diamond jeweller was disappointed by the lower-than-expected sale price.

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