"Fortune Pink" diamond sells for more than $28.5 million at auction after tense bidding war

The "Fortune Pink" diamond, an exceptionally rare giant gemstone, sold for more than $28.5 million at auction in Geneva on Tuesday to a private Asian collector.

At 18.18 carats, the gem is the largest pear-shaped "fancy vivid pink" diamond ever sold at auction, Christie's auction house said.

The dazzling diamond fetched a price of 24.5 million Swiss francs ($24,615,150), rising to 28,436,500 Swiss francs ($28,570,150) with the buyer's premium added on.