Pink diamond auctioned for record £57.2m in Hong Kong

A 59.6 carat diamond known as the Pink Star has sold for 71.2 million US dollars (£57.2 million) at a Sotheby's auction in Hong Kong, setting a world record for any diamond or jewel, according to the auction house.

The oval mixed-cut diamond smashed the 60 million US dollars (£48.2 million) pre-sale estimate set by Sotheby's when it went on the block on Tuesday evening.