Guess who paid $16M for a diamond?

This flawless D-color brilliant-cut diamond, weighing 84.37 carats, was sold to Guess Jeans founder Georges Marciano for approximately $16.2 million at Sotheby's Magnificent Jewels sale in Geneva yesterday. Photo courtesy of Sotheby's.

Geneva—Guess Jeans founder Georges Marciano paid approximately $16.2 million for an 84.37-carat diamond at Sotheby's on Wednesday, the second-highest price ever paid for a diamond at auction.

Named the "Chloe Diamond" by Marciano, the flawless D-color stone set auction records.

It was the largest flawless brilliant-cut white diamond ever offered at auction and, at $191,980 a carat, set the record for the highest price per carat ever paid for a white diamond at auction.

Marciano purchased the diamond at Sotheby's Magnificent Jewels auction, held in Geneva.

The auction brought in about $57 million, the highest sales total for Sotheby's in Geneva since 1995.

Other highlights of the auction included a 4.16-carat fancy-vivid-blue pear-shaped diamond ring, which sold for about $4.7 million; a 22.25-carat marquise-shaped diamond ring, signed by Cartier, which sold for about $2.3 million; and a ruby and diamond parure, signed by Asprey, which sold for about $2 million.
Source: nationaljewelernetwork