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29.52-carat pink diamond nets US$8mn at auction

A 29.52-carat pink diamond went for more than $8 million at South Africa-based Pioneer Diamond Tender House, the highest price for any stone the company has sold.

The fancy-vivid-pink, type II rough — named the Protea Pink after South Africa’s national flower of the same color — raked in $271,307 per carat,.

A junior mining company recovered the diamond from a deposit on the banks of the middle Orange River.

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