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Archive for Thursday, November 15, 2007

84-carat white diamond sells for $16.2M

November 15, 2007

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— An 84.37-carat white diamond touted by Sotheby's for its size and beauty sold at auction Wednesday to Guess clothing company founder Georges Marciano for just under $16.2 million.

The jewel - the largest top-quality, brilliant-cut white diamond ever to appear at auction - had been valued by Sotheby's at between $13.3 million and $17.8 million.

Marciano's winning bid, made by telephone, came to $16,189,769 including the buyer's premium. It was just short of the all-time auction record for a stone or piece of jewelry, a record held by the same Sotheby's branch in Geneva for a 100.1-carat diamond that fetched $16.5 million in 1995.

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