"Pink Star" Diamond fetched world-record $83 million price at auction

The diamond measures 2.69cm by 2.06cm (1.06 inches by 0.81 inches) and is set on a ring.

 Pink star diamond was sold at record asking original price of $60 million (49 million euros). The $83 million includes Sotheby's commission. "The Pink Star", an internally flawless oval-cut vivid pink diamond, will become the most valuable diamond ever to be offered at auction, Sotheby's said.

The Pink Star was sold to Isaac Wolf, a well known New York diamond cutter who has renamed it the Pink Dream.

The winning bid surpasses the $46.2m paid for the Graff Pink diamond three years ago, which was half the size of the Pink Star.

"Ladies and gentlemen, 68 million is the world record bid for a diamond ever bid and it's right here," Sotheby's David Bennett said as he brought down the hammer.

Sotheby's played the theme tune from the "Pink Panther" movie after the winning bid was confirmed.

Model shows during a press preview a 59.6-carat pink diamond that will be auctioned by Sotheby's in the Swiss city of Geneva on November 2013.