Rare pink gem: Graff Diamonds head honcho, Laurence Graff bought a rare pink diamond in November 2010. The gem was bought at the Sotheby's Geneva gem auction. Graff bid for the diamond that was supposed to fetch $38 million over the phone. He paid a massive $45.6 million ((approx Rs 206.3 crore) for the Fancy Intense Pink. It tops the record of any gem at an auction.
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