Rare pink diamond sold for $17.4M in Hong Kong

HONG KONG (KABC) -- A rare 12-carat pink diamond has sold for a record-breaking $17.4 million in Hong Kong.

The pink stone is wanted for its color and brilliant round cut. It was sold by Christie's auction house, but there was no word on who bought the stone.

Christie's said this is the first time that a diamond of this color and cut has been sold at auction. The selling price was much more than what was expected.

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