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A model poses with a 24.78 carat fancy intense pink diamond during a Sotheby's auction preview on November 10, 2010 in Geneva. The rare pink diamond mounted in a ring that comes from a private collection is valued at up to 38 million dollars (28 million euros) and will go on sale on November 16 in Geneva. The gemstone, rated among a type that accounts for just two percent of diamonds, was last seen on the market about 60 years ago when it was sold by legendary US jeweller Harry Winston.   AFP PHOTO / FABRICE COFFRINI
A model poses with a 24.78 carat fancy intense pink diamond during a Sotheby’s auction preview on November 10, 2010 in Geneva. The rare pink diamond mounted in a ring that comes from a private collection is valued at up to 38 million dollars (28 million euros) and will go on sale on November 16 in Geneva. The gemstone, rated among a type that accounts for just two percent of diamonds, was last seen on the market about 60 years ago when it was sold by legendary US jeweller Harry Winston. AFP PHOTO / FABRICE COFFRINI
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GENEVA — A rare pink diamond smashed the world record for a jewel at auction Tuesday, selling for more than $46 million to a well-known gem dealer. The 24.78-carat “fancy intense pink” diamond sold for $46,158,674, easily topping the $24.3 million reached by the blue 35.56-carat Wittelsbach-Graff diamond in 2008, said auction house Sotheby’s. Both jewels were purchased by London- based jeweler Laurence Graff.

Graff raised eyebrows when he had the blue diamond recut after purchase, to the displeasure of purists who considered it an act of vandalism against a unique object. It wasn’t immediately known whether he planned to alter the pink diamond, which Sotheby’s says has a flaw unnoticeable to the naked eye but may be graded as internally flawless after repolishing. The Associated Press; Getty Images photo

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