Will the rare 5-carat pink diamond sell for more than $7 million?

Settled as Yes, the diamond sells for more than $7 mil.

"A rare five-carat diamond ring has sold for a world record $10.8m (HKD $74m) at jewellery auction in Hong Kong. "
http://news.bbc.co.uk/2/hi/asia-pacific/8389415.stm

Background:

Background: The 5-carat pink diamond will be auctioned off in Hong Kong this December. The current world auction record for a pink diamond is held by a 19.66-carat diamond that sold in Geneva for $7.4 million in 1994. Pink diamonds are among the rarest and most sought after diamonds.

http://news.yahoo.com/s/nm/20090803/lf_nm_life/us_christies_diamond

Settlement details:As reported by a major mainstream news source.

Forecast history %

Yes, the diamond sells for more than $7 mil.

37%

No, the diamond sells for $7 mil. or less

53%

The diamond is not sold at all

10%

Settled as Yes, the diamond sells for more than $7 mil. on Wed 2nd Dec 2009 9:58am PST

Activity: H$12,019
Predictions: 14
Comments: 1

Suspend date: Tue 1st Dec 2009 7:59am PST
Settlement date: Wed 2nd Dec 2009 9:58am PST
Prediction cut-off: Predictions on this question after Tue 1st Dec 2009 7:59am PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes, the diamond sells for more than $7 mil.: 40%, No, the diamond sells for $7 mil. or less: 50%, The diamond is not sold at all: 10%

Action history:

Created Tue 4th Aug 2009 7pm PST by

dogchow_ Level 12, Guru (H$26,254)

Suspended Tue 1st Dec 2009 7:59am PST : Suspend date reached

Settlement requested Tue 1st Dec 2009 2:59pm PST by

ghostbuster Level 14, Prophet (H$170,058)

: http://news.bbc.co.uk/1/hi/world/asia-pacific/8389415.stm
over 7 million

Settled as 'Yes, the diamond sells for more than $7 mil.' Wed 2nd Dec 2009 9:58am PST by

bayoubear [Admin]

: "A rare five-carat diamond ring has sold for a world record $10.8m (HKD $74m) at jewellery auction in Hong Kong. "
http://news.bbc.co.uk/2/hi/asia-pacific/8389415.stm

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