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RAPAPORT... Three exceptional diamonds will highlight Sotheby's Geneva sale of magnificent jewels and noble jewels on May 13. Sotheby's will auction the historic Victory Diamond, named in honor of the Allied victory in World War II. The original rough diamond weighed 770 carats and it was discovered in 1945 in the African Woyie River.  Thirty diamonds were cut from that stone, the largest of which was the 31.34-carat, D, potentially flawless, type IIa step-cut Victory Diamond. Sotheby's priced this lot to sell for between $5 million and $8 million. The Graff Vivid Yellow diamond (pictured) will also be a highlight of the Geneva sale. This 100.09-carat diamond ring is described as "daffodil yellow" in color with exceptional beauty and extraordinary fire and brilliance, and it has a presale estimate of $15 million to $25 million. A third diamond, also by Graff, is a 103.46-carat, brilliant-cut diamond ring with a presale estimate of $3.5 million to $5 million.
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