'Pink Legacy' diamond sells for $50 million at auction

A diamond is making history in Switzerland.

The particular diamond is known as the "Pink Legacy."

It just set a new record for the highest price paid per carat for a pink diamond at auction.

It sold for a whopping $50 million.

The nearly 19-carat diamond is classified as a "fancy vivid" diamond, because of its color intensity.

Such diamonds are larger than ten-carats and are very rare.

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