Updated: Wednesday, 14 May 2014 08:54 | By Agence France-Presse

100-carat yellow diamond fetches $16 mln at auction in Geneva

A 100-carat yellow diamond sold for 14.5 million Swiss francs ($16.3 million,11.9 million euros) at auction in Geneva on Tuesday.

100-carat yellow diamond fetches $16 mln at auction in Geneva

A Sotheby's employee poses for pictures with the 'Graff Vivid Yellow,' at 100.09 carats, one of the rarest yellow diamonds of its size, in London, on April 11, 2014 - by Andrew Cowie

The 110.09 carat diamond went unsold at first, with the bids too low, before the Sotheby's auctioneer unexpectedly announced that the diamond was going back under the hammer, explaining that there had earlier been some confusion over the currency displayed.

The sole bidder was a woman in the auction room who bought it for 14.5 million Swiss francs, which the auctioneer described as "a very good price".

The pre-sale estimate had been $15-25 million.

The Graff Vivid Diamond is one of the largest yellow diamonds in the world, it's colour is given as "daffodil yellow."

Another highlight of the Geneva spring auction season will be Wednesday's sale by Christie's of "The Blue" a spectacular 13.22 carat diamond estimated to go for $21-25 million.

Latest Photo Galleries on xinmsn

facebook recommendations