blue moon diamond

Yes, the world’s most expensive diamond—an internally flawless 12.03 carat stunner—now lies in the hands of a 7-year-old. The rock in question, dubbed “Blue Moon”, was auctioned by Sotheby’s yesterday and Hong Kong billionaire Joseph Lau snapped it up via telephone bidding at a cool US$48.4 million (S$69 million), the highest record ever paid for a diamond of this size.

According to David Bennett, head of Sotheby’s international jewellery division, the “Blue Moon” sale broke several records, effectively making the gemstone “the most expensive diamond, regardless of colour, and the most expensive jewel ever sold at auction”.

Lau promptly renamed the diamond “The Blue Moon of Josephine” as a gift to his 7-year-old daughter, Josephine.

And, it turns out that this isn’t the most extravagant gift the tot with terrific taste has received from her doting father. Just days earlier, the billionaire has also presented his daughter with a rare 16.08-carat pink diamond (bought at auction for US$28.5 million) and in 2009, he reportedly spent US$9.5 million on another blue diamond for her.

Well, this certainly takes champagne tastes to a whole new level.

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By Pakkee