A new world record price was set for a rare red "lotus bowl" from the Chinese emperor Kangxi period of 1662-1722 when it went for $9.5 million at auction in Hong Kong.

Sotheby's said in a statement that a Hong Kong ceramics dealer purchased the piece for HK$74 million ($9.5 million), making it the highest price for any Chinese porcelain from the Kangxi period during the Qing dynasty.

Expected to bring about HK$70 million on Monday, the ruby-ground "falangcai" bowl features pink, yellow and blue lotuses and was offered at the end of Sotheby's six-day sale.

The previous record for a Qing Kangxi porcelain was set in 2006 by a blue and white "Dragon" vase which sold for HK$22.52 million.

Another record was recently broken in China by a 28.86-carat round white diamond which sold for HK$53.88 million, or HK$1.87 million ($239,352) for each carat, a new per-carat auction record price for its category, according to Sotheby's.