$3.5m Yellow Diamond Pulled from Sale

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$3.5m Yellow Diamond Pulled from Sale
the square emerald-cut VS1-clarity stone gem

Another high-value yellow diamond has been withdrawn from sale by auctioneers at the last minute.

The 45.07-carat fancy vivid yellow, billed as highlight of the Phillips New York Jewels Auction, was expected to fetch $2.8m to $3.5m last Wednesday (12 June).

But the square emerald-cut VS1-clarity stone gem was pulled from the sale without explanation.

A month ago the celebrated 101.29-carat Allnatt yellow diamond with an estimate of $6.2m to $7.2m was pulled from Sotheby’s Magnificent Jewels and Noble Jewels sale in Geneva.

Sotheby’s made no mention of the Allnatt diamond in its post-auction report, but later confirmed it had been withdrawn by the seller.

Phillips listed the 45.07-carat yellow diamond as unsold in is online results, but provided no further details.

Two other fancy color diamonds failed to sell – a cushion modified brilliant-cut, 4.01-carat, fancy intense green diamond ($300,000 to $350,000) and a pear brilliant-cut, 3.07-carat, light-blue, VS2-clarity diamond ring by Cartier ($200,000 to $300,000).

Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.