Guess? founder Georges Marciano purchased an 84.37-carat diamond for just under $16.2 million Wednesday at a Sotheby's auction.
The diamond, the largest top-quality, brilliant-cut white diamond ever to appear at auction, was valued between $13.3 million and $17.4 million.
The bid made the diamond the second most-expensive stone or piece of jewelry ever sold at an auction, falling just short of the $16.5 million spent on a 100.1-carat diamond at the same Sotheby's branch in Geneva in May 1995.
Ron Cohen, the owner of the Los Angeles-based Clean Diamonds, was identified as the seller of this rare jewel.
Marciano, who has named the diamond "Chloe" after his daughter, made the purchase via telephone.
The diamond received the highest grade possible. It is D-color, or finest white, has flawless clarity and its cut, polish and symmetry have all been graded excellent.
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