Sotheby's Sets World Record For a Yellow Diamond at Auction

By , Columnist

Sotheby’s Geneva set a world auction record for a yellow diamond when it sold the Sun-Drop Diamond for CHF 11,282,500 ($12,361,558). Weighing 110.03 carats, this exceptional stone ranks as the largest known pear-shaped fancy vivid yellow diamond in the world.

Commenting on the results of the sale, David Bennett, Chairman of Sotheby’s Jewellery Department in Europe and the Middle East and Co-Chairman of Sotheby’s Switzerland, said,

“We are thrilled with the price achieved by this spectacular daffodil yellow diamond; it is one of the most impressive I have had the pleasure of selling. The Sun-Drop Diamond has immense presence and is truly stunning. The Sun-Drop Diamond is only the fourth diamond over 100 carats in size ever to be sold at auction and all of them have been sold at Sotheby’s in Geneva. We are absolutely delighted that Cora International trusted Sotheby’s to present this stone to the international market. Today’s strong sell-through rates are a reflection of the continued strength and resilience of the international Jewellery market”.

While there was strong interest in the auction room for the Russian Royal Jewels, they didn’t reach the reserve price.

The Morton Report was the first website (apart from specialist art and auction sites) to announce the Sun-Drop Diamond sale.

The purchaser of this very rare gem is, I am told, a ‘private individual’ and a mystery. For now.

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Margaret Holder has been writing about the Royal Family in newspapers and magazines for thirty years. She also broadcasts frequently on the BBC, both radio and television. She reckons she has now written more royal documentaries than anyone else in the world. Some are still being shown on channels in…

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