The Sotheby’s auction today for a very rare pink diamond culminated with a winning bid of USD $46,158,674, the highest piece ever paid for a jewel. Famed jeweler Lawrence Graff is the new owner and the stone is to be named the Graff Pink. It will join the historic Wittelsbach blue diamond, also owned by Graff.

The auction itself was a record breaker, with the largest amount sold in a single sale, $105.1 million.

See more about the sale here.