May 14, 2014
Graff Vivid Yellow Sets New World Record as Highest Price Paid for a Yellow at Auction
Yesterday at Sotheby’s Geneva Magnificent Jewels Sale one of the most fascinating turn of events in auction history took place when a 100.09-carat fancy vivid yellow diamond known as the “Graff Vivid Yellow” came up for bidding and failed to meet the reserve price and consequently did not sell. However, with a quick decision from Sotheby’s Chairman David Bennett the auction house decided to re-open bidding for the Graff Vivid Yellow. The diamond ended up selling for $16,347,848 USD, setting a new world record for the highest price paid for a yellow diamond sold at auction.