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Sotheby’s NY auction nets US$38.4 Million

A dazzling array of jewels from famous brands and celebrities fetched $38.4 million at Sotheby’s Magnificent Jewels auction in New York on Monday, setting new records for some of the rarest gems in the world.

The star of the show was a 133.03-carat Fancy Vivid Yellow diamond, the largest of its kind ever sold at auction, which went for $5.5 million to an anonymous buyer. The diamond, which has a radiant cut and a pure yellow hue, was estimated to sell for $4 to $5 million.

Another highlight was a stunning diamond necklace with 120 pear-shaped diamonds, totalling 127.45 carats, which sold for $4.4 million, above its $4 million estimate. The necklace features two large diamonds of 28.77 carats and 28.70 carats each, both graded as D colour and internally flawless

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