Guess who bought €11m diamond?

AN 84.37-CARAT white diamond touted by Sotheby’s for its size and beauty has sold at auction to Guess clothing company founder Georges Marciano for a little less than $16.2 million (€11m).

Mr Marciano has renamed it the “Chloe Diamond” after his daughter, Sotheby’s said.

Lisa Hubbard, chairwoman of jewellery at Sotheby’s North and South America said: “It was purchased by Georges Marciano, founder of Guess Jeans who lives in Beverly Hills.”