Pink diamond breaks auction record in Hong Kong

A large, pure pink, diamond before it is offered at auction, on display at Sotheby's, on Aug. 31, 2022. (Yui Mok / Pool Photo via AP) A large, pure pink, diamond before it is offered at auction, on display at Sotheby's, on Aug. 31, 2022. (Yui Mok / Pool Photo via AP)

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What is the 'white elephant' gift exchange?

With the holiday season in full swing, families and friends looking for a more unconventional way to give gifts can look no further than to the 'white elephant' gift exchange, but what is it exactly?

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