, Hong Kong

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.

Read the full story here.

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