As expected, a vivid purplish-pink, modified emerald-cut diamond with a bubble-gum-color was sold at auction by Christie's in Hong Kong for an extraordinary price, fetching $7.5 million.
The 3.4-carat stone, set in a ring by the house of Moussaieff, was auctioned by Christie's Asia in Hong Kong on May 28. The name of the buyer remained undisclosed. The ring was estimated to sell for $6 to $8 million.
The internally flawless diamond is "probably the strongest pink I have ever seen in my 50-year life as a jewelry specialist at Christie's," Christie's diamond expert Francois Curiel stated.