Princie Diamond Sells for $39 Million

Princie Diamond Sells for $39 Million
An anonymous telephone bidder paid $39,323,750, or more than $1 million per carat, for the stone from ancient diamond mines in southern India, the auction house said in a statement Tuesday.

The pink gem was once owned by the royal family of Hyderabad and, since 1960, by the London branch of Van Cleef & Arpels.

The exclusive jewelry firm originally paid 46,000 pounds for it, equivalent to $1.3 million today, Christie’s said, indicating a hefty profit after Tuesday’s sale.

Previously, the most paid at Christie’s for a diamond was $24.3 million, for the 31-carat Wittelsbach diamond in 2008.

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