Sun Drop Diamond Sells for $12.3 Million

Nov 16, 2011, 11:19 by R.E. Christian

The Sun-Drop Diamond,  otherwise known as the largest canary colored diamond in the world, has sold for $12.3 million according to Forbes.

The 110.03-carat pear-shaped diamond was sold at Sotheby's Sale of Magnificent Jewels in Geneva on Tuesday, breaking records for the auction of yellow diamonds.  The previous record was set in October at Christie's New York auction, where a 32.77-carat yellow diamond, also pear-shaped, sold for almost $6.6 million.

David Bennett, chairman of Sotheby's Jewelry Department in Europe and the Middle East said, "We are thrilled with the price achieved by this spectacular daffodil yellow diamond; it is one of the most impressive I have had the pleasure of selling."

The Sun-Drop Diamond was discovered in South Africa in 2010, and had previously been on display earlier this year at London's Natural History Museum.