'Martian pink' diamond sold at auction for $17.3 million

Posted at May 31 2012 11:59 AM | Updated as of May 31 2012 07:59 PM

The biggest pink diamond ever to appear at an auction has been sold for $17.3 million or roughly P750 million.

Named “Martian pink” by legendary American jeweler Harry Winston, the diamond sold for a whopping $1.45 million per carat.

That’s a modest mansion per carat, meaning most people can’t even afford a millimeter of this gem.

Martian pink was sold after only six minutes of tense bidding in Hong Kong’s Christie’s auction, its price shooting up far beyond its expected $8- to $12-million value.

[email protected], May 31, 2012

For more on “[email protected],” go to http://anc.abs-cbnnews.com/shows/7/morningsanc/