SWITZERLAND: Sotheby's auctions will sell the world's largest pear-shaped fancy vivid yellow diamond on Tuesday for an estimated amount between $11-15 million

Record ID: 591984

  • Title: SWITZERLAND: Sotheby's auctions will sell the world's largest pear-shaped fancy vivid yellow diamond on Tuesday for an estimated amount between $11-15 million
  • Date: 10th November 2011
  • Summary: GENEVA, SWITZERLAND (NOVEMBER 09, 2011) (REUTERS) **CONTAINS FLASH PHOTOGRAPHY** EXTERIOR OF THE BEAU RIVAGE HOTEL IN GENEVA WHERE THE SUN-DROP DIAMOND WILL BE SOLD AT A SOTHEBY'S AUCTION ON TUESDAY WIDE-SHOT OF PHOTOGRAPHER TAKING PICTURES OF A MODEL WEARING THE SUN-DROP DIAMOND CLOSE-UP OF THE YELLOW SUN-DROP DIAMOND WIDE-SHOT OF PHOTOGRAOHERS TAKING PICTURES OF THE
  • Embargoed: 25th November 2011 12:00
  • Keywords:
  • Location: Switzerland, Switzerland
  • Country: Switzerland
  • Topics: Arts
  • Reuters ID: LVAEFIDNWSS8WWZ7ZQNSAA6GEFN
  • Story Text: Sotheby's auctions will sell the world's largest pear-shaped fancy vivid yellow diamond on Tuesday for an estimated amount between USD11-15 million.
    Despite its rarity and the high estimation of the diamond, that has been named Sun-Drop, co-chairman of Sotheby's in Switzerland, David Bennett, expect no difficulties when finding buyers for the rare stone.
    "Well, I mean, 11-15 million dollars is a very correct price, correct estimate, I think, for this stone. But you seem shocked by the sum. I mean, this time last year in Geneva, we sold a diamond for 46 million dollars, so there are buyers for important very rare coloured diamonds, and this is one of them".
    The Cora Sun Drop diamond weighs 110,03 carats, and, according to Sotheby's, Diamonds weighing more than 100 carats are very rare just like its colour "fancy vivid yellow".
    The diamond was only discovered last year in 2010 in South Africa. Since then, the diamond has been cut into its current shape and put on exhibition at the London Natural History Museum before travelling the world and finally ending up for its first auction in Geneva next Tuesday.
    Exceptional and highly estimated diamonds are often put at auction in Geneva. Last year Sotheby's sold the diamond "Graff Pink" for USD46 million, in 2007 the Chloe Diamond for 16 million dollars and in 1995 the 100,10 carat world-known "Star of the Season" diamond for the price of 16,5 million dollars.
  • Copyright Holder: REUTERS
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