National Jeweler Network

Jewelry Auctions

Three diamonds to top Sotheby’s sale

April 07, 2014

The “Victory Diamond” once was owned by the late Florence Gould, a 20th century American jewelry collector.

Click here to see the three “exceptional” diamonds in Sotheby’s May sale.

Geneva--A trio of large stones expected to sell for millions of dollars each are the highlight of Sotheby’s May 13 auction of Magnificent Jewels and Noble Jewels in Geneva.

Leading the trio is the “Graff Vivid Yellow,” a 100.09-carat fancy vivid yellow “daffodil”-colored diamond mounted in a ring. The stone is among the largest fancy vivid yellow diamonds in the world, Sotheby’s said, and is expected to sell for up to $25 million.

The “Victory Diamond” is a 31.34-carat D-color step-cut diamond graded by the Gemological Institute of America as a Type IIa and potentially flawless.

The rough that produced the Victory Diamond was discovered in Africa’s Woyie River in 1945 weighing in at 770 carats, making it the largest alluvial rough diamond ever found at that time.

Thirty diamonds were cut from this piece of rough. The Victory Diamond was the largest and it was named in honor of the Allied victory in World War II. The stone has a pre-sale high estimate of $8 million.

The third diamond is a 103.46-carat brilliant-cut diamond set into a ring made by Graff.

One of the largest known round diamonds, the gem is included on the list of the world’s largest cut diamonds in the late Ian Balfour’s book Famous Diamonds, published in 2008. It is expected to garner between $3.5 million and $5 million at auction.