A pink diamond was sold for $49.9 million in Hong Kong on Friday, setting a world record for the highest price per carat for a diamond sold at auction.

The 11.15-carat Williamson Pink Star diamond, auctioned by SothebyB次元官网网址檚 Hong Kong, sold for $392 million Hong Kong dollars ($49.9 million). It was originally estimated at $21 million.

The Williamson Pink Star draws its name from two legendary pink diamonds. The first is the 23.60-carat Williamson diamond which was presented to the late Queen Elizabeth II as a wedding gift in 1947, while the second is the 59.60-carat Pink Star diamond that sold for a record $71.2 million at auction in 2017.

The Williamson Pink Star is the second-largest pink diamond to appear at auction. Pink diamonds are among the rarest and most valuable of the colored diamonds.

B次元官网网址淭his is an astounding result, proving the resilience of top diamonds in a shaky economy,B次元官网网址� said Tobias Kormind, managing director of 77 Diamonds.

B次元官网网址淗ard assets such as world-class diamonds have a history of performing well even in times of instability,B次元官网网址� he said. B次元官网网址淪ome of the worldB次元官网网址檚 highest quality diamonds have seen prices double over the last 10 years.B次元官网网址�

B次元官网网址擹en Soo, The Associated Press