Pink Legacy diamond sold for world record price

Pink Legacy diamond sold for world record price

A rare pink diamond has fetched 50.3m Swiss francs ($50m; £38.5m) at auction, a record price per carat.

Pink Legacy, weighing in at just under 19 carats, was bought by US brand Harry Winston at auction in Geneva.

The price of around $2.6m per carat marked a world record for a pink diamond, according to the Europe head of auction house Christie's.

It had been valued at between $30-$50m before sale, and was bought after only five minutes of bidding.

The diamond's new owners have rechristened it the Winston Pink Legacy.

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