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Sold! Guess Founder Marciano Buys 84-Carat Diamond For $16 Mil

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An 84.37-carat white diamond touted by Sotheby's for its unprecedented size and beauty sold at auction to Guess? clothing company founder Georges Marciano for just under US$16.2 million (€11 million).

The jewel -- the largest top-quality, brilliant-cut white diamond ever to appear at auction -- had been valued by Sotheby's at between US$13.3 million and US$17.8 million (€9.05 million and €12.1 million).

Read the whole story at IHT.com