Ohio Golden Eye: Large Yellow Diamond Of Paul Monea Up For Auction (Photo)

By on Aug 14, 2011 in Amazing, Fashion, Lifestyle, United States, World Comments
Golden Eye: Largest Yellow Diamond by Paul Monea
Ohio Golden Eye: Large yellow diamond
Image Credit: bid4assets

Golden Eye diamond previously owned by Northern District of Ohio businessman Paul Monea, will be up for auction at Bid4Assets in Silver Spring, Maryland, according to reports by several international news sites on Saturday, August 13, 2011.

The 43.51-carat large diamond is measured at almost an inch long, .75-inch wide and less than half-an-inch deep. According to reports, the diamond has a rectangular brilliant cut crown with 25 facets.

Starting bid for the Golden Eye is set at $900,000 and an increment bid of $110,000. The diamond will be on display in Cleveland from August 29-September 2. Viewers are required to provide a refundable deposit of $180,000. The actual auction will be from 8 a.m. on Sept. 6 until 3 p.m. of Sept. 8.

Golden Eye Yellow Diamond
US Marshals Service currently holds Golden Eye
Image Credit: U.S. Marshals Service

The US Marshals Service seized the diamond from Monea who was convicted of money laundering and conspiracy. The businessman tried to sell the diamond together with a 25,000-square-foot mansion for $19.5 million and a boat.

Bid4Assets will auction the diamond for the US Marshals Service. Jenny Lynch, spokeswoman of Bid4Assets, described the yellow diamond as flawless. “This is the largest and most valuable diamond that we have auctioned in our company’s 12-year history,” revealed Lynch.

According to the Ohio Marshals Service, the proceeds of the auction will be shared by the victims in the Monea case, the federal government, state and local agencies who helped in the investigation.

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