Pink diamond sells at auction for $57.73 million, making it the most expensive per carat ever.

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The 11.15-carat Williamson Pink Star diamond was auctioned off by Sotheby's. The auctioneer's fees are included in the $57.73 million price tag.

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Without the fees, the diamond's raw price is $49.9 million, or $4.475 million per carat.

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Until now, the most expensive diamond ever sold per carat was the Oppenheimer Blue diamond, which sold for $51.3 million at auction.

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"This is an incredible result, demonstrating the resilience of top diamonds in a shaky economy," 77 Diamonds managing director Tobias Kormind told The Associated Press.

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"Hard assets, such as world-class diamonds, have a track record of performing well even in times of uncertainty," he said.

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The Williamson Pink Star diamond was cut from a rough 32.32-carat diamond recovered at Tanzania's Williamson mine and is one of the "world's purest, most saturated" 

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It's set on a pink, white, and gold 18-carat band. It's also the second-largest pink diamond ever sold at auction.

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According to Sotheby's, the Williamson mine, which opened in 1940, is famous for producing pink diamonds, one of which was purchased by Queen Elizabeth II.

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According to Sotheby's, the most expensive diamond ever sold is the 59.6-carat CTF Pink Star, which sold for $71.2 million in 2017.

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