Sun Drop Diamond: Rare Yellow Diamond Sold At Sotheby’s Auction

By on Nov 16, 2011 in Business, Fashion, Lifestyle, World Comments
Sun Drop diamond
Sun Drop diamond
Image Credit: Anja Niedringhaus/AP

A “Sun-Drop Diamond” considered to be the largest pear-shaped diamond to appear in an auction has been sold during the Sotheby’s semi-annual jewellery sale in Geneva on Tuesday, November 15, 2011.

BBC news reported that the 110.3 carat yellow diamond was discovered in South Africa last year, cut and polished by New York-based Cora International. Sotheby’s said in the report that gemologists certified it as “fancy vivid yellow”, the rarest and most desirable color for a yellow diamond.

The rare yellow diamond is reportedly sold for a record amounting to 10 million Swiss francs ($10.9 million).

“Ten million francs (8.06 million euros). Sold!”, Sotheby’s David Bennett said in front of about 150 people gathered for the sale at a luxurious Geneva hotel as quoted in a report.

Reports said that the buyer was an “anonymous individual” who made the winning bid over the telephone who wished to remain anonymous.

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