Advertisement
This Article is From May 14, 2014

100-Carat Yellow Diamond Fetches $16 Million at Auction

100-Carat Yellow Diamond Fetches $16 Million at Auction
A Christie's employee holds a 13.22 carat diamond called 'The Blue', the largest flawless vivid blue diamond yet found, which is estimated to sell between 21,000,000 to 25,000,000 US Dollar, during a preview at Christie's, in Geneva, Switzerland on Friday
Geneva: A 100-carat yellow diamond sold for 14.5 million Swiss francs ($16.3 million,11.9 million euros) at auction in Geneva on Tuesday.

The 110.09 carat diamond went unsold at first, with the bids too low, before the Sotheby's auctioneer unexpectedly announced that the diamond was going back under the hammer, explaining that there had earlier been some confusion over the currency displayed.

The sole bidder was a woman in the auction room who bought it for 14.5 million Swiss francs, which the auctioneer described as "a very good price".

The pre-sale estimate had been $15-25 million.

The Graff Vivid Diamond is one of the largest yellow diamonds in the world, it's colour is given as "daffodil yellow."

Another highlight of the Geneva spring auction season will be Wednesday's sale by Christie's of "The Blue" a spectacular 13.22 carat diamond estimated to go for $21-25 million.

Track Latest News Live on NDTV.com and get news updates from India and around the world

Follow us:
Previous Article
Science Proves What We Suspected, Cats Are Basically 'Liquid'
100-Carat Yellow Diamond Fetches $16 Million at Auction
Indian Man Breaks World Record With The Smallest Washing Machine Ever
Next Article
Indian Man Breaks World Record With The Smallest Washing Machine Ever
Listen to the latest songs, only on JioSaavn.com