11/08/2013 06:04 EST | Updated 01/23/2014 10:53 EST


GENEVA - An enormous diamond known as "The Pink Star" sold for more than $83 million at auction Wednesday night, far surpassing its expected price.

Sotheby's says the sale the vivid and flawless 59.60-carat pink diamond is the highest price ever paid for a gemstone at auction.