The "Sun Drop" is the world's biggest yellow diamond
Keystone
On Tuesday the "Sun Drop" yellow diamond was sold at auction in Geneva for the record sum of SFr11.28 million ($12.36 million).
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The sale shows that while some countries are facing bankruptcy, occupations are taking place in protest at the global financial system and firms are laying people off, luxury continues to fascinate and find takers. Is this normal, disturbing, disgraceful? What is your reaction?
The diamond auctioned by Sotheby’s is the largest yellow diamond in the world.
It was discovered last year in South Africa.
Shaped like a pear, it weighs 110.03 carats and has the highest colour grading possible for a diamond.
It was sold by New York diamond firm Cora International.
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Yellow diamond fetches SFr11.28 million at auction
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The pear-shaped diamond was sold by New York-based company Cora International, which discovered the rare jewel in South Africa last year. It was bought by a telephone bidder. The diamond’s value had been estimated at $11 million to $15 million. It was displayed on an international tour before going under the hammer. Gemologists rate the 110.3…
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