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Pink Diamond Bought by Graff for Record $46 Million in Geneva

Laurence Graff, a London jewelry dealer, last night bought a diamond in a Swiss sale for 45.4 million francs ($45.6 million), a record for any gem at auction.

Graff’s telephone bid for the pink stone beat an estimate of 27 million francs to 38 million francs at Sotheby’s, Geneva.