A 14.23-carat pink diamond sold for over $23 million at a Christie's auction in Hong Kong on Monday, making it the most expensive jewel ever bought in Asia.

The sale price of $23,165,968 – a per-carat price of $1.63 million and considerably higher than the pre-sale estimates of $14-$19 million.

Color graded Fancy Intense Pink and with a clarity of VVS2, the rectangular-cut diamond is set in a ring and flanked by smaller white diamonds.

Other top-selling lots at the Hong Kong auction included a diamond necklace that sold for more than $3.5 million; a 16.72-carat marquise diamond that sold for $3.1 million; and a 7.04-carat oval-cut ruby ring, which fetched $2.9 million.