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.

Blue Diamond Jewelry

Make it a blue October for your sweetie with blue diamond jewelry from SuperJeweler.com! We have recently added a number of gorgeous pieces to our blue diamond jewelry selection. Whether your sweetie fancies white gold our yellow gold, you can find the perfect earrings, rings, or necklace. Now that’s blues you can use!

Black and White Diamond Jewelry

Just like some of the classic movies we love are set in black and white, get ready for some classic jewelry that is also set in black and white! Combining the sparkle of white diamonds with the character of black diamonds, our selection of black and white diamond jewelry is set in some really fun and attention getting designs.

Pink Jewelry

Finally, because Sweetest Day occurs during Breast Cancer Awareness Month, SuperJeweler.com gives you the opportunity to find a great gift for your sweetie and help fund breast cancer research at the same time! When you buy any piece of pink jewelry in the month of October, SuperJeweler.com will donate 20% of the profits to the Susan G. Komen Fund!

Whatever you choose, you can be assures you will get top rate customer service, free shipping, and a free gift as well. All in all, we think that’s a pretty sweet deal!

What makes this particular diamond so noteworthy, in addition to its immense girth, is its remarkable clarity. In fact, it is reportedly so clear that there is talk of it becoming a 150 carat polished stone! At that size, it would dwarf the 105 carat round-cut Koh-i-Noor diamond that is part of the Crown Jewels.

Still, if you want the absolute biggest diamond on record, turn your calendar back to 1905 for the Cullinan Diamond. When this monster gem was recovered it was a whopping 3,106 carats! That diamond yielded at 530 carat teardrop diamond that is also known as The Great Star of Africa.

This is certainly newsworthy, especially to us, but if you are looking for a diamond that is a little more practical, we have plenty of those. Just check out our selection of diamond rings or our charming new selection of blue diamond jewelry; it’s hot for the holidays this year! While we may not have a 150 carat rock in there, we are pretty sure we have the perfect rock for you!