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		</div><p>A 59.6 carat diamond known as the Pink Star has sold for 71.2 million US dollars (£57.2 million) at a Sotheby&#8217;s auction in Hong Kong, setting a world record for any diamond or jewel, according to the auction house.</p>
<p>The oval mixed-cut diamond smashed the 60 million US dollars (£48.2 million) pre-sale estimate set by Sotheby&#8217;s when it went on the block on Tuesday evening.</p>
<p>The sale comes three years after the gem was sold at an even higher price at another Sotheby&#8217;s auction in Geneva. That deal later fell apart.</p>
<p>Sotheby&#8217;s said the gem is the largest flawless fancy vivid pink diamond ever graded by the Gemological Institute of America. It was sold for a hammer price of 63 million dollars (£50.6 million), not including fees and the buyer&#8217;s premium.</p>
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