The diamond itself is one of the 20 biggest known high-quality diamonds in existence. One of the most remarkable aspects of this story is that it was actually valued at about $25 million – $10.3 million less than its eventual selling price.

The quality and size of the diamond are believed to be the key factors in the higher selling price, as this diamond has the potential to be one of the most important polished gems in history.

According to Petra, the mammoth gem was purchased in a tender by Chow Tai Fook Jewelry Co Ltd in Hong Kong.

The diamond was mined from the Cullinan mine in South Africa. The Cullinan mine has long had a reputation for producing noteworthy diamonds, including “The Cullinan” – the world’s largest rough diamond at 3,106 carats. That diamond was eventually was cut into the Star of Africa stones now set in Britain’s Crown Jewels.

While we don’t have any 507ct diamonds in our inventory, we do have quite a selection of other sizes for all kinds of diamond rings and diamond solitaire pendants at SuperJeweler.com.

The stone itself, which is of a “vivid pink” color has been considered nearly perfect, but not completely flawless. Still, the bidding was fast and furious for it at Christie’s Autumn Sales of Asian and Chinese art in Hong Kong.

By comparison, this huge diamond ring totally smashed the previous record, which was set 15 years ago in Geneva, when a 19.66ct stone sold for a measley $7.4 million. This new pink gem sold for $2.2 million per carat, which set another record as the most ever paid for any diamond at auction. And that record is likely to stand for quite some time.

So where does this diamond stand in comparison to other diamonds sold at auction? Well, it still has a ways to go to catch the “Wittelsbach” blue diamond, a 17th-century stone that went for a whopping $24 million last year.

Still, if $10.8 million is a little out of your budget, we have some other diamond rings at SuperJeweler.com that might be a little more in your range.

What if, instead of a dozen red roses, you showed up with a beautiful wild flower bouquet? What if instead of vanilla ice cream, you showed up with strawberry cheesecake ice cream? What if, instead of diamond jewelry, you showed up with fine gemstone jewelry?

See, there is something that is exceptionally wonderful about NOT going for the obvious choice – in veering from the script. When you go for the not-so-obvious choice, it requires a little more thought. It requires you to think more about the gift. I means you look for something that is more representative of your relationship, whatever that relationship may be.

For instance, if you have an anniversary in September, try sapphire jewelry. Sapphire is the September birthstone. As an anniversary gift, it could mark the birth of your marriage. Perhaps your significant other is very interesting in conservation and the environment. Why go with diamond jewelry when emerald gemstone jewelry could have so much more symbolic meaning? You could even put a new twist on an old combination; instead of white diamonds and red roses, try white roses and red ruby jewelry.

Fine gemstone jewelry often makes better financial sense as well. For the most part, colored gemstones cost considerably less than diamonds. This allows you to get bigger stones, and often more daring designs, when you choose fine gemstone jewelry instead of diamond jewelry.

Too often, when people think jewelry, they automatically think diamond jewelry. While SuperJeweler.com has many, many pieces of diamond jewelry, our biggest goal is making sure you get the perfect piece of jewelry, and sometimes fine gemstone jewelry is the perfect choice!