Pink Diamond Sells for $39.3M Rare gem goes for second-highest price ever for a jewel By Newser Editors and Wire Services Posted Apr 17, 2013 5:52 PM CDT Copied This undated photo provided by Christie's shows a rare pink diamond, nicknamed the Princie Diamond, which has sold for $39.3 million at auction. (AP Photo/Christie's) A rare pink diamond once owned by Indian royalty has sold for $39.3 million at auction in New York City. The price for the 34.65-carat diamond that sold at Christie's yesterday was the second-highest ever for a jewel sold at auction. The seller and buyer were anonymous. The gem nicknamed the Princie Diamond was discovered 300 years ago in the Golconda mines in India. It once belonged to the Nizam of Hyderabad, an Indian prince. In 1960, the diamond was purchased at auction by the London branch of the jeweler Van Cleef & Arpels. Its name was bestowed at a party at the firm's Paris store. It was called "Princie" in honor of the 14-year-old prince of Baroda, who attended the party with his mother, Maharani Sita Devi. Read These Next A space capsule carrying ashes of 160 people crashed in the ocean. A lesson in minding your own business ... at 30,000 feet. The death toll in the Texas floods has risen to 27, including 9 kids. Desperate search for missing campers continues in Texas. Report an error