18-carat pink diamond reaps USD28.8 million at Geneva auction

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GENEVA (AP) – A pear-shaped 18-carat pink diamond billed as a rarity sold at a Geneva auction for CHF28.4 million (USD28.8 million), including fees and taxes, on the lower end of the expected range.

The ‘Fortune Pink’ fancy vivid pink stone, said to be the largest of its kind and shape to go on the block, headlined Christie’s latest Geneva sale of jewellery. It had been expected to fetch between USD25 million and USD35 million.

More details in Thursday’s Borneo Bulletin.