$49.8 million diamond ring
A rare pink diamond ring will be sold in Geneva worth US$38 million ($49.8 million), according to auctioneer Sotheby's.The 'fancy intense pink' 24.78 carat gem is being sold by an unidentified private collector who has had it in his possession for 60 years, the auction house said.
The diamond was last sold by New York jeweller Harry Winston and has a classic emerald cut with gently rounded corners. The stone has a flaw unnoticeable to the naked eye, probably due to wear but may be graded internally flawless after repolishing.
