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Collecting
Collector's Corner
Georges Marciano, one of the founders of the Guess fashion company, purchased an 84.37 carat diamond for $16.2 million at Sotheby’s Geneva in 2006. Marciano named the stone “The Chloe” after his daughter. After four stellar years, diamond prices came down rapidly in 2008. A recession in the United States, which purchases about 45 % of the world’s diamonds, and a slow Christmas trade, which normally would make up for 40% of diamond sales, has greatly affected the market.
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| Although there has historically been a demand for diamonds that exceeds supply, causing substantial increases in value, there is no guarantee that this will be the case in the future. Demand for diamonds of a particular type may be affected by regional or world trends and tastes. | |