The Golden Eye yellow diamond is valued at $15 millon (US Marshals Office)

Note to self: Dont try to sell diamonds to undercover government agents posing as brokers for a drug cartel – thats how fine gems get confiscated and sold at auction while you get hauled off to prison on money laundering charges!

Auctions have always been great places to pick up interesting baubles at bargain basement prices. But it seems that the fuzz has gotten hip to the platform and is upping the ante. Starting September 6, the US Marshals plan to auction the 43.51-carat Golden Eye yellow diamond at Bid4Assets.com. The diamond has been valued at over $15 million and the bidding starts at $900,000 with $180,000 required up front to even enter.

Where the diamond came from – before it was confiscated from businessman Paul Monea in 2007 – is unknown. What is known is that its color is unusually fine, described as Fancy Intense Yellow with no green or orange overtones. The diamond is cushion cut and has a clarity grade of Internally Flawless.

The Golden Eye yellow diamond measures 25.7 mm X 18.11 mm X 10.78 mm.

Deputy US Marshal Ryan Helfrich says that the proceeds from the sale of the diamonds will be divided between victims in the Monea case, part to court-approved litigants, and part to the state agencies that helped the investigation.

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