“Pink Star” diamond breaks auction record

Hong Kong (CNN) — A massive diamond known as the ‘Pink Star’ diamond has sold for $71.2 million at auction in Hong Kong.

The diamond, nearly 60 carats, was sold to a client who phoned in a bid according to Sotheby’s.

Forbes reports the buyer was a Hong Kong-based jewelry retailer and was bidding against two other phone bidders.

This isn’t the first time Sotheby’s has tried to sell the “Pink star”.

Back in 2013, it sold for $83 million, but the buyer defaulted on the deal.

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