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GENEVA (AP) – A 24-carat fancy intense pink diamond ring sold Tuesday at auction for 12.1 million Swiss francs (more than US$14.6 million), in the middle of the expected range, Christie's said.
The emerald-cut "Bulgari Pink" had been expected to fetch 10-15 million francs (US$12-18 million) as the headline item of the auction house's seasonal jewelry sale in Geneva.
The extremely rare jewel, believed to have come from the famous Golconda mines in India, has remained with the same family since it was purchased there in the 1950s.
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