Geneva jewelry auction hauls record $141.5 million

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Photo - FILE - The May 7, 2014 file photo shows a Sotheby's employee showing three exceptional diamonds during a preview at the Sotheby's, in Geneva, Switzerland. Left to right: one of the world's largest known round brilliant-cut diamonds weighing 103.46 carats, which is estimated to sell between 3,500,000 to 5,000,000 US Dollar, the Graff Vivid Yellow at 100.09 carats, one of the rarest yellow diamonds of its size, which is estimated to sell between 15,000,000 to 25,000,000 US Dollar and the Victory Diamond, a 31.34 carat diamond named to commemorate the allied victory in World War II, which is estimated to sell between 5,000,000 to 8,000,000 US Dollar at the auction in Geneva on May 13, 2014. (AP Photo/Keystone, Martial Trezzini)
FILE - The May 7, 2014 file photo shows a Sotheby's employee showing three exceptional diamonds during a preview at the Sotheby's, in Geneva, Switzerland. Left to right: one of the world's largest known round brilliant-cut diamonds weighing 103.46 carats, which is estimated to sell between 3,500,000 to 5,000,000 US Dollar, the Graff Vivid Yellow at 100.09 carats, one of the rarest yellow diamonds of its size, which is estimated to sell between 15,000,000 to 25,000,000 US Dollar and the Victory Diamond, a 31.34 carat diamond named to commemorate the allied victory in World War II, which is estimated to sell between 5,000,000 to 8,000,000 US Dollar at the auction in Geneva on May 13, 2014. (AP Photo/Keystone, Martial Trezzini)
News,Business,Geneva,Switzerland,Auctions

GENEVA (AP) — Sotheby's says its spring auction has sold a world record $141.5 million in jewelry.

The auction house says seven records in all were set at the Geneva auction including the highest amount ever paid for a yellow diamond — $16.3 million for the 100.09-carat "Graff Vivid Yellow" diamond ring.

It said Wednesday that the auction, featuring two diamonds over 100 carats, drew buyers from more than 30 countries.

The second huge diamond, at 103.46 carats, is part of a Graff diamond ring that sold for $4.9 million.

David Bennett, chairman of Sotheby's Switzerland, said that "100 carats is a magical number when it comes to diamonds" and having two such rare gems at auction led to the record haul and intense bidding from around the globe Tuesday night.

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