Mises Daily
Author:
Joseph T. Salerno
Online Publish Date:
Three weeks ago I read the news that a 24.78 carat “fancy intense pink” diamond sold for $46,158,674 at an auction held by Sotheby’s in Geneva, Switzerland. The winning bid for “The Graff Pink,” as it was named immediately after its purchase by London jeweler Laurence Graff, was the highest price ever recorded for a jewel at auction and more than