Golden Eye diamond set to auction at $900K

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SILVER SPRING, Md. (AP) - A Maryland company is set to auction off a large yellow diamond - known as the "Golden Eye" - that was seized in a federal drug and money-laundering investigation. The minimum starting bid: $900,000.

The "Golden Eye," a 43.51 carat diamond, belonged to an Ohio businessman convicted of money laundering and conspiracy. (Photo: AP)

Bid4Assets, based in Silver Spring, is set to auction the diamond for the U.S. Marshals Service. Bidding will start Tuesday and end Thursday.

The 43.51-carat diamond belonged to a northeast Ohio businessman who was convicted of money laundering and conspiracy. Prosecutors said he tried to sell to an undercover FBI agent the diamond and an estate once owned by boxer Mike Tyson, all for $19.5 million and a boat.

The gem was seized in the sting operation and forfeited to the federal government. It is believed to be one of the largest internally flawless yellow diamonds.

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