A stunning 59.6
carat diamond known as the "Pink Star" sold for $71.2 million at a Sotheby's auction Tuesday in Hong Kong, setting a new world record for any diamond or jewel, according to the auction house.
The oval mixed-cut diamond smashed the $60 million pre-sale estimate set by Sotheby's when it went on the block.
The sale comes three years after the gem was sold at an even higher price at another Sotheby's auction in Geneva. That deal later fell apart after the buyer defaulted.