Pink diamond auctioned for $23 mn, sets Asian record | world | Hindustan Times
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Pink diamond auctioned for $23 mn, sets Asian record

A rare pink diamond has sold at an auction for more than $23 million in Hong Kong, making it the most expensive jewel ever sold in Asia. The Perfect Pink was sold to an anonymous buyer after an intense bidding war with four others.

world Updated: Nov 30, 2010 09:27 IST

A rare pink diamond has sold at an auction for more than $23 million in Hong Kong, making it the most expensive jewel ever sold in Asia.

Auction house Christie's says the rare 14.23 carat diamond, named The Perfect Pink, sold for $23,165,968 on Monday to an anonymous buyer after an intense bidding war with four others.

The selling price is higher than the $14 million to $19 million it was expected to fetch.

It fell short of the $46 million another pink diamond measuring 24.78 carats sold for in Geneva in mid-November.

That sale smashed the world record for the selling price of a jewel at auction.

Christie's says only 18 diamonds bigger than 10 carats and showing a distinct pure pink color have ever gone on the block in 244 years of auction history.