An extremely rare pink diamond has sold in Geneva at auction for record breaking $26.6m

"The Spirit of the Rose" is named after a famous Russian ballet, the 14.83-carat diamond mined in Russia is the biggest ever to go under the hammer in its colour category -- "fancy vivid purple-pink". 

"The occurrence of pink diamonds in nature is extremely rare in any size," Gary Schuler, head of Sotheby's jewellery division.