2010/12/12

"Gem sold for record HK$353m" from South China Morning Post

"A rare pink diamond has fetched 45.44 million Swiss francs (HK$353.65 million), virtually doubling the previous record to become the most expensive stone ever sold at auction, Sotheby's said."


"Eric Valdieu, a Frenchman and a former Christie's jewel expert in Geneva, now of Valdieu Fine Arts, said as he left the Sotheby's sale: "The price were stronger than in 2007-2008, that's why everyone has a smile on his face.

"The reason is the bad performance of the stock market in the last year or two. Nobody knows what they are buying with stocks, but here they are buying something solid and tangible. The top quality jewels are even more expensive than they should be." "

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