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Rare pink diamond sells for record £19m

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Auction house Christie's has sold the largest vivid pink diamond to be offered at auction for a record 28.7m Swiss francs (£19m).

The cushion-shaped vivid pink diamond, set a new world record for any vivid pink diamond at 16.08cts. The stone is set with a double row halo of pavé-set white diamonds and a third row of pink diamonds underneath. The ring was purchased by a private Asian buyer, whom named it "The Sweet Josephine" after the sale.

Rahul Kadakia, international head of Christie's jewellery department, said: "Selling the largest vivid pink cushion-shaped diamond to come to auction is a privilege and to sell it for a new world auction record price is a strong indication that there is still demand from clients from the end of the market for these truly precious stones."