Sotheby’s sets world record for yellow diamond at auction

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Sotheby’s sets world record for yellow diamond at auction

GENEVA, November 17, 2011 – Sotheby’s Geneva on November 15 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.
The sale concluded with a total of CHF 64,048,000 ($70,173,551), against the pre-sale estimate of CHF 65-93 million ($72-102 million).
Sotheby’s sets world record for yellow diamond at auction
Throughout the day the sale room was packed and there was very active bidding which contributed to an extremely high sell-through rate of 82 percent by lot and one of Sotheby’s highest totals ever for a sale of jewellery.
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
“Today’s strong sell-through rates are a reflection of the continued strength and resilience of the international jewellery market.”