Thursday, November 15, 2007

84.37 carat white diamond sells for $16.2 million at auction

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An 84.37-carat white diamondtouted by Sotheby's for its size and beauty sold at auction Wednesday to Guess clothing company founder Georges Marcianofor just under $16.2 million ($16,189,769 including the buyer's premium), making it the second most expensive such stone ever sold.

The jewel — the largest top-quality, brilliant-cut white diamond ever to appear at auction — 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, it said.

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