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In the news
SA 110.03-carat yellow gem may fetch R100m
The Sun-Drop, a rare 110.03-carat yellow diamond discovered in South Africa last year is expected to fetch up to R100-million when it goes on auction next month. The gem has caught the attention of both collectors and grading experts. John King, the chief quality officer of the Gemological Institute of America (GIA), said that Sun-Drop was "one of the most beautiful and rarest I've ever seen".
King has been in the diamond grading industry for more than 30 years and, despite the GIA analysing and grading over two million diamonds a year, described the South African gem as a highlight of his career. "The rarity of a naturally occurring diamond like the Sun-Drop is just astronomical ... it has been graded Fancy Vivid Yellow, the highest colour grading for a yellow diamond," said King.
The Sun-Drop will be auctioned by Sotheby's in Geneva in November. Spokesman Marie-Beatrice Morin said the diamond was cut and polished by Cora International in New York, one of the world's leading manufacturers and diamond dealers. The Sun-Drop, she said, "comes to the market with an estimate of between $11-million and $15-million".
Read the full article on www.timeslive.co.za.
