A model displays a 110.03 carats Sun-Drop Diamond described as fancy vivid yellow, the highest color grading by gemstone experts at a Sotheby's preview show in Geneva, Switzerland, Wednesday, Nov 9, 2011. (AP Photo/Anja Niedringhaus)
A cell phone app is credited for saving two ducklings. The baby…
Updated: Tuesday, 15 Nov 2011, 4:01 PM EST
Published : Tuesday, 15 Nov 2011, 3:57 PM EST
GENEVA (AP) — The world's largest known yellow diamond has been sold at auction for over $10.9 million.
Auction house Sotheby's had estimated that the pear-shaped Sun-Drop Diamond would fetch between $11 million and $15 million at auction Tuesday in Geneva.
It was bought by a telephone bidder.
The diamond was sold by New York-based company Cora International, which discovered the jewel in South Africa last year.
Gemologists rate the 110.3 carats diamond as fancy vivid yellow — the highest possible color grading.
The color in yellow diamonds is caused by nitrogen impurities trapped within carbon molecules and hardened over the course of millions of years.
The sales price doesn't include the auctioneer's commission and any taxes the buyer might have to pay.
 | With WDTN.com's new commenting system you don't need to register. You can login with an existing Facebook, Yahoo!, Google, or Twitter account and more. |
Some of the items worth buying after winning the Powerball jackpot on May 18, …
Advertisement
Email This
Print This
View Story on a Single Page