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Confiscated Yellow Diamond To Be Sold at Auction

A huge yellow diamond known as “Golden Eye” that agents seized in a federal drug and money laundering investigation in Northeast Ohio is up for auction with a minimum starting bid of $900,000.

The 43.51-carat diamond belonged to an Ohio business person convicted of money laundering and conspiracy. He tried to sell the diamond and an estate once owned by boxer Mike Tyson to an FBI agent. The diamond was seized in a sting operation and forfeited to the federal government.

The diamond is one of the largest internally flawless yellow diamonds.

The company Bid4Assets will auction the diamond on behalf of the U.S. Marshals Service. After the starting bid of $900,000, bids must increase incrementally by $110,000. A refundable deposit of $180,000 is required to view the gem in Cleveland during the week of August 29 to September 2.

Authorities have not released the appraisal value of the diamond, but many have speculated that the diamond could be worth millions of dollars.


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