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Flawless Diamond Nets Sparkling $16.2 Million
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Published: November 15, 2007
GENEVA - 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 almost $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 $13.3 million to $17.8 million.
Marciano's winning bid 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 for a 100.1-carat diamond that fetched $16.5 million in 1995.
The diamond has received the highest possible grading, Sotheby's said. It is D-color, or finest white, has flawless clarity, and its cut, polish and symmetry have all been graded excellent, Sotheby's said.
The Associated Press
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