Monday, March 12, 2012

Sun-drop diamond in Swiss auction


Sun-drop diamond in Swiss auction

South African stone is largest diamond of its kind at 110 carats and expected to reach $15m (£9m) in Swiss auction
Sun-Drop diamond, Sotheby's
The Sun-Drop yellow diamond, the largest of its kind at 110.03 carats, is expected to fetch up to $15m at auction in Geneva. Photograph: Michael Buholzer/Reuters
A 110-carat diamond is expected to fetch up to $15m (£9m) at auction in Geneva next week, Sotheby's says. The so-called Sun-Drop Diamond is described as fancy vivid yellow, the highest colour grading, and is the largest known diamond of its kind, at 110.3 carats. "It looks the weight," said David Bennett, head of Sotheby's jewellery division. The jewel is being sold by Cora International, which discovered it in South Africa last year, meaning it has no history of previous wearers. "Some find it very attractive to own a stone that's been lying untouched in the earth for millions of years," Bennett added.

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