Jeweler Laurence Graff bought the Red Diamond Ring $2.6 Million

The the ring has set a new record at Christie’s auction by selling off for a shocking $2.6 million. The octagonal shape of the ring is equipped with 2.26 carats and stand of being the largest red diamond, ever to be auctioned. The ring was expected to fetch an estimated 1,500,000 to 1,875,000 Swiss Francs (US$1.2 million to 1.5 million) at Christie's auction Nov. 15, 2007 Geneva, Switzerland.

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