01:44 - Source: CNN
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Oval diamond sells for record $30.6 million in Hong Kong

It was the largest diamond ever sold at auction

Diamond sold to unidentified Asian private collector

Hong Kong CNN —  


The flawless, 118-carat oval diamond was sold to an unidentified Asian collector, whose winning bid came at the lower end of the $28 million to $35 million estimate set by auction giant Sotheby’s. It was the largest diamond ever sold at auction.

David Bennett, chairman of Sotheby’s Jewelry Division for Europe and the Middle East, told CNN that diamonds could be bought as an investment or simply for the love of a beautiful and rare object.



The previous record for a white diamond was set in May at Christie’s in Geneva when a pear-shaped jewel sold for $26.7 million.

The auction was part of a series of fall sales of art, jewelry and other collectibles held in the city by Sotheby’s and its rivals.

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