Rare Yellow Diamond Expected to Fetch $11-15M
By THE ASSOCIATED PRESS
Published: November 9, 2011 at 5:52 AM ET
GENEVA (AP) — Sotheby's says a rare yellow pear-shaped diamond is expected to fetch $11-15 million at auction next week.
The 110.03 carats Sun-Drop Diamond is described as fancy vivid yellow — the highest color grading — by gemstone experts.
Sotheby's said Wednesday that the jewel is being sold by Cora International which discovered the diamond in South Africa last year.
Other lots at the Nov. 15 sale in Geneva include a suite of jewels given by the Ottoman Empire's Sultan Abdul Hamid II to the wife of the Khedive of Egypt in the late 19th century.
Sotheby's says the set could fetch $10 million and some of the gems may have been part of a peace offering given by Peter the Great's wife Catherine to Ottoman Sultan Ahmed II in 1711.
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