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"Sun-Drop Diamond" fetches record price at auction
Source: Agencies |
November 16, 2011, Wednesday
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A huge yellow diamond known as the "Sun-Drop Diamond" sold for 11.28 million Swiss francs or US$12.36 million, a world record for a yellow diamond, at auction yesterday, Sotheby's said.
The diamond, the world's largest pear-shaped fancy vivid yellow, weighing 110.03 carats, was the top lot at Sotheby's semi-annual jewellery sale in Geneva yesterday night which netted a total of US$70.17 million.
"I don't really see any crisis here at all. We sold nearly every one of the big diamonds within our expectations," David Bennett, chairman of Sotheby's jewellery department in Europe and the Middle East, told reporters after conducting the sale.
"It proves the resilience of the diamond market in a time of uncertainty," he said.
The second priciest lot was a cushion-shaped white diamond weighing 38.88 carats which sold for 6.34 million Swiss francs, including the premium paid by the buyer, according to Sotheby's.
But several major jewels were stranded on the block, with just 81.8 percent of some 500 lots on offer finding new owners.
Among unsold lots were a fancy intense blue pear-shaped diamond ring that Sotheby's had expected to fetch up to US$10 million and a suite of imperial diamond jewels from the mid-19th century which the auction house said may have been from the jewel box of Catherine I, wife of Peter the Great of Russia.
The diamond, the world's largest pear-shaped fancy vivid yellow, weighing 110.03 carats, was the top lot at Sotheby's semi-annual jewellery sale in Geneva yesterday night which netted a total of US$70.17 million.
"I don't really see any crisis here at all. We sold nearly every one of the big diamonds within our expectations," David Bennett, chairman of Sotheby's jewellery department in Europe and the Middle East, told reporters after conducting the sale.
"It proves the resilience of the diamond market in a time of uncertainty," he said.
The second priciest lot was a cushion-shaped white diamond weighing 38.88 carats which sold for 6.34 million Swiss francs, including the premium paid by the buyer, according to Sotheby's.
But several major jewels were stranded on the block, with just 81.8 percent of some 500 lots on offer finding new owners.
Among unsold lots were a fancy intense blue pear-shaped diamond ring that Sotheby's had expected to fetch up to US$10 million and a suite of imperial diamond jewels from the mid-19th century which the auction house said may have been from the jewel box of Catherine I, wife of Peter the Great of Russia.
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