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Diamond could fetch $60M at Geneva auction

GENEVA (AP) – It’s auction time for the filthy rich again in Geneva, where the week’s headline-grabbers include the largest fancy vivid orange diamond in the world and another diamond estimated to be worth more than $60 million.

Christie’s is set to auction off a 14.82-carat rare gem that it says is expected to fetch up to $20 million Tuesday. Sotheby’s auctions are headlined by Wednesday’s offering of “The Pink Star,” a vivid and flawless 59.60-carat diamond estimated to be worth more than $60 million.

They are just two of the many diamonds, in all colors, and other jewels, Swiss art, wine and watches being auctioned in Geneva, where buyers flock or phone in from around the world.

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