Thursday, May 7, 2009

84.37-Carat Choloe Diamond

Sothebys_8437_ct_choloe When you spend $16.2 million for a diamond, you can name it whatever you want. Guess Jeans founder, Georges Marciano, purchased an 84.37-carat, flawless white diamond last week and named it the “Chloe Diamond” after his twelve-year-old daughter.

The largest while brilliant-cut diamond ever sold at auction was sold at the Sotheyby's auction in Geneva, Switzerland after taking two years to cut and polish. The diamond is exceptional because of it size, white color, high clarity, exquisite cut. Colored diamonds are usually the big money making stones, selling for as high as $1.0 million per carat but the sale of this white diamond was the second highest priced diamond ever sold.

Prior to the sale, the diamond was displayed in New York, Los Angeles, London, Paris, Dubai, United Arab Emirates, and other cities.

The seller of the diamond, Ron Cohen, is the owner of Clean Diamonds based in Los Angeles. He purchased the rough diamond from Angola’s national company in 2005 and through the Kimberley Process to ensure it was sourced from a conflict-free zone.

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