Sotheby’s set a record for the biggest jewelry auction, raising $141 million in Geneva as a 100-carat Graff diamond ring was reoffered after a first round of bidding failed to reach a high enough price.
David Bennett, the chairman of Sotheby's European jewelery department, shows off the Beau Sancy, a 34.98 carat pear cut diamond that has been in four European royal families. It will be up for auction in Geneva on May 14, with a projected valuation of up to $4M. (Source: Bloomberg)
The Conservative Cabinet minister overseeing cuts to U.K. welfare payments is facing a petition challenging him to prove he can live on 53 pounds a week ($81), as voters express concern about the measures.