Sotheby’s Pink Diamond Ring sets a World Auction Record

Sotheby’s 24.78 carats pink diamond ring is sold for $46 million and has set a world record for any diamond or other jewel sold at auction. The diamond is a Fancy Intense, Emerald cut and given its huge size, is exceptionally rare piece.

Prior to the sale, the diamond was estimated to be scoring between $27 - $38 million.  To even this estimated price many experts in the industry claimed to be over estimation of its actual value.
But now the ring has set a record, Sotheby’s sure must be happy!