Moment 44 carat diamond ring sells at auction for £1.1m

A diamond ring has sold for a record price at a Birmingham auction house.

The auctioneer's hammer went down at £1.1m for the Graff Fancy Intense yellow diamond ring. However, when auction costs are added, the buyer, who isn't known, will have to pay out a total of £1,307,600.

Fellows, the auction house where the ring was sold, said it was the most important and expensive item to sell in its 141-year history.

BBC News