Posted on 13th Apr 2012 @ 10:58 AM

A fancy vivid yellow 23.02 carats cushion-shaped step-cut diamond is the top item at Sotheby's Magnificent Jewels auction in New York next week. The diamond has a $1.5-$2 million estimate.

The $65,161-$86,881 per carat diamond joins a few other fancy color diamonds.

One such item is a fancy pink cut-cornered rectangular modified brilliant-cut diamond weighing 6.03 carats set in a platinum ring, framed by small round near colorless diamonds. Sotheby's estimates the item at about $1 million.

"Fresh-to-the-market" signed jewels from prominent estate collections, according to Sotheby's, distinguish this New York spring sale.

"From Dallas philanthropist Nancy B. Hamon to Valerie Pascal Delacorte, benefactor of the Norton Museum of Art, the collections offered in the April sale reflect the style and taste of accomplished women who loved to wear their jewelry."