Georges Marciano Buys $16.2 Million Diamond

Georges Marciano, founder of Guess, bought Sotheby's 84.37-carat white diamond. The diamond sold for 16.2 million, it was estimated between $13.3- $17.8 million. Marciano made the winning bid by phone on Wednesday. Now for Georges to find a home for the precious stone. As for naming the stone, her name is Chloe, after his daughter in California.