Pink Diamond Sold For $46M

A rare pink diamond smashed the world record for a jewel at auction Tuesday, selling for more than $46 million to a well-known gem dealer.

Sotheby's agents applaud after a rare pink diamond has smashed the world record for a jewel sold at auction after a well-known gemstone dealer bid over $46 million for the precious stone in Geneva, Switzerland, Tuesday, Nov. 16, 2010. The 24.78 carat "fancy intense pink" diamond was sold Tuesday for $46,158,674 by Sotheby's.

Associated Press