A Huge Pink Diamond Is The Most Expensive Jewel Ever Sold At Auction

<p>The Pink Star diamond is now officially the&nbsp;<a href="https://twitter.com/Sothebys/status/849218315859787776?ref_src=twsrc%5Etfw&ref_url=http%3A%2F%2Fmoney.cnn.com%2F2017%2F04%2F04%2Fluxury%2Fpink-star-diamond-auction-sothebys%2Findex.html" target="_blank">most expensive</a>&nbsp;jewel ever sold at auction. The selling price? Just a measly $71.2 million.&nbsp;</p><p>It&#39;s huge. The fancy vivid pink diamond weighs in at&nbsp;<a href="http://www.sothebys.com/en/auctions/2017/the-pink-star-hk0770.html" target="_blank">almost 60</a>&nbsp;carats.&nbsp;</p><p>The Pink Star actually has received higher bids before.&nbsp;</p><p>It was put up for auction by Sotheby&#39;s in 2013, and the winning bid was an astronomical&nbsp;<a href="http://money.cnn.com/2017/04/04/luxury/pink-star-diamond-auction-sothebys/index.html" target="_blank">$83 million</a>.&nbsp;</p><p>But the buyer later defaulted, so the sale doesn&#39;t count.&nbsp;</p><p><b>SEE MORE: <a href="http://www.newsy.com/stories/emeralds-found-on-centuries-old-shipwreck-are-worth-millions/">Emeralds Found On A Nearly 400-Year-Old Shipwreck Are Worth Millions</a></b></p><p>The previous record-holder for the most expensive pink diamond ever sold at auction was the Graff Pink. That 25-carat dazzler sold for about $46 million in 2010.</p><p>Going beyond just pink diamonds, the gem that previously was the most expensive jewel ever sold at auction was the&nbsp;<a href="http://www.christies.com/features/The-Oppenheimer-Blue-Results-7395-3.aspx" target="_blank">Oppenheimer Blue</a>&nbsp;diamond. It went for $57.5 million last year.&nbsp;</p><hr><b>Trending stories at <a href="http://www.newsy.com">Newsy.com</a></b><ul class="inline-related-links"><li><a href="http://www.newsy.com/stories/europe-revamped-the-security-on-its-50-euro-banknote/">Europe Is Trying To Combat Money Counterfeiting With Neuroscience</a></li><li><a href="http://www.newsy.com/stories/russian-newspaper-chechnya-is-arresting-and-killing-gay-men/">Gay Men In Chechnya Are Being Arrested And Killed, Newspaper Reports</a></li><li><a href="http://www.newsy.com/stories/trump-meets-with-egypt-s-president-about-ways-to-fight-isis/">Trump Invites Egyptian President To White House, Despite Record</a></li></ul>