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RETAIL | Staff Reporter, Hong Kong
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Chow Tai Fook buys Pink Star diamond for a record US$71m

It's an oval-shaped 59.6 carat stone.

According to BBC, a rare diamond known as the Pink Star has been sold in Hong Kong for more than $71m (£57m), setting a new world record for any gemstone at auction. The oval-shaped 59.6 carat stone was bought after just five minutes' bidding at Sotheby's, reports said.

Sotheby's said the buyer was Hong Kong jewellery retailer Chow Tai Fook Jewellery.

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