Diamond sells for record-setting $30 million.

The 118 carat D Flawless Diamond was recovered at one of the mines of South Africa in 2011. Its weight was 299 carats before it was polished.

The exceptionally rare diamond was auctioned off by Sotheby’s on Monday for $30.6 million. While the new owner is unknown it is estimated that more than 80 percent of large rare diamonds have been purchased by Asian buyers.

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