On Tuesday the "Sun Drop" yellow diamond was sold at auction in Geneva for the record sum of SFr11.28 million ($12.36 million).This content was published on November 16, 2011 - 08:59
The sale shows that while some countries are facing bankruptcy, occupations are taking place in protest at the global financial system and firms are laying people off, luxury continues to fascinate and find takers. Is this normal, disturbing, disgraceful? What is your reaction?
"Sun Drop" diamond
The diamond auctioned by Sotheby’s is the largest yellow diamond in the world.
It was discovered last year in South Africa.
Shaped like a pear, it weighs 110.03 carats and has the highest colour grading possible for a diamond.
It was sold by New York diamond firm Cora International.End of insertion
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