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An Exceedingly Rare Pink Diamond Sells For World Record Price

A stunning pink diamond measuring 2.69cm by 2.06cm and of about 60 carats was sold for $83m at a Sotheby's auction in Geneva recently. The world record price received for this diamond surpassed the earlier cost of $46m for a diamond.

Originally 132.5 carat in its rough state, it has taken almost two years to cut and polish the rare pink diamond. Renamed as the Pink Dream, the diamond was mined by De Beers in Africa in 1999.

Sotheby's has sold almost $200m worth of jewelry in its current auction, a record for a single auction according to the company.

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