Welcome to the Union Diamond Blog

Wednesday, November 16, 2011

The 'Sun Drop' diamond

How about a little sunshine for your Wednesday afternoon? We’ve got a whole lot of it as history was made yesterday when the world’s largest yellow diamond was sold at auction.  Nicknamed the ‘Sun Drop’, this 110.3 carat diamond is graded fancy, vivid yellow, the highest and most coveted color grading possible. The dazzling yellow color is caused by nitrogen atoms being trapped within the carbon molecules and hardening over the course of millions of years. A diamond like this is truly one of a kind and was estimated to sell for anywhere between 11 and 15 million dollars. Purchased by an anonymous phone bidder, the diamond sold for an astonishing $10.9 million or 12.4 once you add in the auctioneer’s commission. That’s quite a commission. Perhaps I have missed my calling as an auctioneer? That purchase price lands the pear-shaped stone at number eight in the list of most expensive diamonds sold at auction.
Photo: Tom Tragale for M Patricof, Creative Group

No comments:

Post a Comment