World’s Most Expensive Diamond Sold

The ultimate gift! Hong Kong billionaire Joseph Lau won the Sotheby’s auction for the ‘Blue Moon’, a cushion shaped fancy vivid blue diamond, for US$48.4 million and has renamed the 12.03-carat stone the ‘Blue Moon of Josephine’ in honor of his 7 year old daughter. It is the most expensive jewel ever sold at auction, and also the highest-ever price per carat of well over $4 million.

Blue Moon of Josephine Blue Diamond -

The previous record for the most expensive jewel bought at auction was for a 24.78-carat pink diamond dubbed the ‘Graff Pink’. It sold for $45.6 million in 2010 to Laurence Graff, a London jeweler.

Blue Moon of Josephine Blue Diamond

Lau, a 64 year old property tycoon, also paid $28.5 million for a 16.08 carat pink diamond earlier this month, that he renamed the ‘Sweet Josephine’, also named after his daughter. Lau bought a blue diamond in 2009 for $9.5 million, naming it the ‘Star of Josephine’.  That adds to a growing beautiful collection for young Josephine.

by Jean Amr