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White diamond sells for record $27.3 million at Hong Kong auction; blue diamond fetches $16M
Reported by: Associated Press
Reported: Monday, October 7, 2013 9:40 AM EDT
A white diamond the size of a small egg has sold for $27.3 million dollars at a Hong Kong auction.
The price edged out the previous price record for a white diamond of $26.7 million set at Christie's in Geneva in May.
The auction's other highlight was a 7.6 carat vivid blue diamond that fetched HK$125 million .
Both gems sold for less than their estimates.
Sotheby's and other auction houses are holding their twice yearly sale of art and collectibles in Hong Kong. The city has become one of the world's biggest auction hubs thanks to rising numbers of wealthy collectors from mainland China and other Asian countries.