Orange diamond fetches $35.5M at Geneva auction

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FILE -In this Nov. 1, 2013 file picture a Christie\'s employee displays the considered largest fancy vivid orange diamond in the world, during a press preview in Geneva, Switzerland. The diamond is estimated to fetch up to to US $ 20 million, at an auction on Tuesday Nov. 12, 2013, in Geneva. It\'s auction time for the filthy rich again in Geneva, where the week\'s headline-grabbers include the largest fancy vivid orange diamond in the world and another diamond estimated to be worth more than $60 million.Christie\'s is set to auction off a 14.82-carat rare gem that it says is expected to fetch up to $20 million Tuesday. Sotheby\'s auctions are headlined by Wednesday\'s offering of "The Pink Star," a vivid and flawless 59.60-carat diamond estimated to be worth more than US $60 million. (AP Photo/Keystone,Martial Trezzini,File)

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GENEVA (AP) — The largest fancy vivid orange diamond ever sold at auction went for $35.5 million in Geneva, where a pink diamond estimated to be worth more than $60 million is also on the block.

The rare pear-shaped orange diamond sold Tuesday is 14.82-carats, meaning it went for an eye-popping $2.4 million per carat. That's a world record price per carat for any colored diamond sold at auction, Christie's said.

François Curiel, international head of Christie's jewelry department, said the orange diamond's record price puts it "amongst the greatest pinks and blues, which are traditionally the most appreciated colored diamonds."

Sotheby's auctions are headlined by Wednesday's offering of "The Pink Star," a vivid and flawless 59.60-carat pink diamond.

Geneva is a favorite auction site for buyers seeking gems and other luxury items.

 
 
 

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