Yellow diamond fetches a record $20m in Geneva auction
Published on May 14, 2014 5:14 PM
GENEVA (REUTERS) - A 100-carat yellow diamond has sold for 14.5 million Swiss francs (S$20.4 million) to a private buyer, the star lot in a Geneva jewellery sale that Sotheby's auction house said fetched 125.5 million francs overall.
The "Graff Vivid Yellow", weighing 100.09 carats, set a record for a yellow diamond, the chairman of Sotheby's Switzerland, Mr David Bennett, said in a statement on Wednesday after the sale on Tuesday.
"With its exceptional size and a superb daffodil colour, the Graff Vivid Yellow is a truly extraordinary diamond with immense presence," Mr Bennett said. However, the gem failed to hit the bottom end of its estimate, with a hammer price of 12.8 million francs.
Sotheby's had expected that the cushion-shaped diamond, of which neither the seller nor buyer were identified, would reach a hammer price of between 13.4 million and 22.3 million francs.
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