On Tuesday, November 15, 2011 Sotheby’s Geneva will present one of the most impressive diamonds to come to auction in recent years, in its sale of Magnificent Jewels. The Sun-Drop Diamond which weighs a whopping 110.03 Carats, and holds the ultimate graded Fancy Vivid Yellow color. The Gemological Institute of America (GIA) has given this stone the highest color grading for a yellow diamond. In the world, this exceptional stone is #1 as the largest known fancy vivid yellow pear-shaped diamond, and has a purity of VVS1.
Additionally, the (GIA) has said that a diamond like the very special 110.03 carat Sun-Drop can be said to have a magical aura about it. Between its magnificent color combination, its moving size, and remarkable cut make it a unique phenomenon in the world of diamonds. At London’s Natural History Museum the stone was exhibited earlier this year. The Sun-Drop Diamond in the rough was discovered in South Africa in 2010, and was then cut and polished by one of the world’s leading manufacturers of exceptional diamonds; Cora International with its headquarters located in New York. $11-15 million is an estimate for this stunning diamond.
We are anxious to see who will be purchasing this magnificent diamond. There is a lot of speculation that it will be a very fast bidding process between celebrities keen to impress their women, private collectors, society jewelers, and possibly there may be an interest from Prince Albert of Monaco who likes to shower his bride Charlene with interesting gems.
Not only will the very interesting sun drop diamond be auctioned. But Sotheby’s Geneva will show other special specimen’s like the very fine Muzo emerald that weighs 12.01 carats, it is estimating at US$ 400,000 – 600,000. The step cut diamond ring which weighs 16.90 carats and estimates at US$ 400,000 – 700,000. The Panthere’, by CARTIER, which is a sapphire and diamond bangle bracelet estimated at 120,000-180,000 and ring estimated at 30,000-50,000. An attractive ruby and diamond demi-parure, which is a 19th century fancy pink step-cut diamond ring, that weighs 8.95 carats and is estimated at US$200,000-400,000. And a fine and uncommon rock crystal and diamond brooch, from 1987 estimated at US$ 250,000 – 450,000 and morganite and diamond pendant from 1984 estimated at US$ 100,000-200,000. A fancy intense blue diamond ring that has internal flaws. It weighs 10.09 carats and estimated at 7,500,000-10,000,000. And last but certainly not least, is a pear-shaped diamond ring from Harry Winston that weighs 8.90 carats and estimated at US$ 650,000-850,000.
Also in other diamond news for November, in Toronto, Ritchies Auctioneers is getting ready for a fine jewelry auction. They have an exclusive 50.24 carat vs1 brilliant diamond that was appraised in October for approximately US$10 million. Also along with this 50 carat stone, an 18 carat fancy yellow diamond appraised for US$1 million, a beautiful 78 carat fancy yellow diamond necklace appraised at US$600,000. A one of a kind Piaget watch appraised at US$200,000. And a red ruby necklace appraised for more than $500,000. The auction house will take appointments to show a preview of over 160 lots that will show at the Royal Ontario Museum.
