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Pink diamond could set record: $27 million anyone?

GENEVA -- A rare pink diamond goes on auction next week - and Sotheby's says the gem could set a new world record if it sells for its estimated price of $27 million to $38 million. The 24.78-carat gem, described as "fancy intense pink," would top the previous record set by rival auctioneers Christie's when they sold the blue 35.56-carat Wittelsbach-Graff diamond for $24.3 million in 2008.

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