Orangey-Red Diamond Sells for $1.8M

RAPAPORT... A richly colored diamond initially suspected to be treated soared past expectations at Heritage Auctions last week, fetching $1.8 million and setting a record for the Texas-based company.

The round brilliant, 1.21-carat, fancy-orangey-red, I2-clarity stone went for 12 times its presale high estimate of $150,000, Heritage reported last week following the Thursday auction.
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