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  • 15
    Nov
    2011
    6:00pm, EST

    Huge yellow diamond fetches record price at auction

    Anja Niedringhaus / AP

    The 110.03 carats Sun-Drop Diamond.

    AP reports:

    GENEVA — The Sun-Drop Diamond of South Africa, a giant pear-shaped yellow gem weighing 110.3 carats, has sold for more than $10.9 million at auction Tuesday, beating previous records for a jewel of its type.

    Including commission the unidentified telephone bidder paid almost $12.4 million for the gem, putting it within the $11 million to $15 million range Sotheby's had estimated before the sale. Read the full story.

    Follow @msnbc_pictures

    Comment

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    Explore related topics: auction, world-news, diamond
  • 9
    Nov
    2011
    9:41am, EST

    Fabrice Coffrini / AFP - Getty Images

    A model poses with the Sun-Drop diamond during a press preview of Sotheby's auction on November 9, 2011 in Geneva. One of the world's largest diamonds, a pear-shaped, 110.3-carat yellow rock, will go up for sale in Geneva on November 15 and is expecting to fetch about 15 million US dollars. The Sun-Drop diamond, discovered in South Africa last year, is billed by Sotheby's as the "world's largest known pear-shaped fancy vivid yellow diamond."

    Just in time for the holidays: world's largest yellow diamond going on sale

    By Phaedra Singelis, NBC News

    Santa, I've been very, very good this year......

    1 comment

    what is it about this shiny chunk of crystal that makes it worth $15 million? I don't get it. It's a standard that jewelers or gemologists have established; people fell for it and now that's the way it is. As humans, why do we place such value on an inanimate chunk of whatever? WHY is it worth so mu …

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    Explore related topics: auction, diamond

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Phaedra Singelis

is a Supervising Producer at NBC News.com Previously she worked as an editor at the New York Times and the Washington Post in addition to working as a photojournalist at numerous newspapers.

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