Extremely rare yellow diamond known as the "Sun-Drop" has sold at auction in Geneva for just over US$10.9m.
The Sun-Drop diamond of South Africa, a giant pear-shaped yellow gem weighing 110.3 carats, sold for more than US$10.9 million at auction yesterday, beating records for a jewel of its type. The gem was discovered in South Africa in 2010 and wowed visitors in London's Natural History Museum where it was displayed earlier this year, and also in Hong Kong
The diamond was certified by gemologists as "Fancy Vivid Yellow", the rarest and most desirable colour for a yellow diamond. The intense colour is the result of traces of nitrogen trapped within carbon molecules and hardened over the course of millions of years.
"It's a record for a yellow diamond at auction," said David Bennett, the head of Sotheby's jewellery division. He said it was the eighth most expensive diamond sold at auction.
"It sold for a record for a yellow diamond... It was exactly within our expectation for this spectacular stone," Mr Bennett told reporters after the sale. The diamond had a pre-sale estimate of US$11-15m. With commission and taxes, the buyer paid out US$12.36m.
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