A Hong Kong billionaire spent a record $48.4m buying an 12.03-carat diamond dubbed “Blue Moon” for his seven-year-old daughter in an auction in Geneva.
Property tycoon Joseph Lau bought the rock at a Sotheby’s auction on Wednesday and immediately renamed it “Blue Moon of Josephine” after his daughter.
The sale comes the day after he spent $28.5m buying a rare 16.08-carat pink
diamond– the largest of its kind to ever go under the hammer – from rival auction house Christie’s, which he rebaptised “Sweet Josephine”.
A Hong Kong-based spokeswoman for Lau confirmed the two purchases. “The first was the pink one, ‘Sweet Josephine’, and the second one was the ‘Blue Moon of Josephine’,” she said.
David Bennett, the head of Sotheby’s international jewellery division, said the “Blue Moon” sale broke several records and made the gemstone the most expensive diamond, regardless of colour, and the most expensive jewel ever sold at auction. It also fetched the highest-ever price per carat, he said.
The previous world record for a jewel sold at auction was held by the 24.78-carat “Graff Pink” diamond, which was sold by Sotheby’s for $46.2m in November 2010.
This is not the first time Lau has bought rare jewels for his daughter. In 2009, he reportedly spent $9.5m on another blue diamond, which he renamed the “Star of Josephine”.
Josephine is his daughter with girlfriend and former aid Chan Hoi-wan, according to local media. The 64-year-old also has two children with long-time partner Yvonne Lui.
-The UK Guardian
Well he can afford it, why not!
ReplyDeleteNa wa o! Na side chics daughter get the jewelries, na waa! Some side chic careers dey pay wella!
DeleteNo stella he didn't buy it for his daughter,he just named them after his daughter.
DeleteNo stella he didn't buy it for his daughter,he just named them after his daughter.
DeleteNo stella he didn't buy it for his daughter,he just named them after his daughter.
DeleteIgnorance isn't bliss.
DeleteWhen you have in essence, you spend extravagantly
ReplyDelete*Larry was here*
In essence? Murder he wrote!
DeleteToo cheap
ReplyDeletePeople spending money
ReplyDeleteAlso Check www.vabadon.com
What if she looses the ring? Hmmmm.....oyinbo Unu di egwu!
ReplyDeleteThe ring am sure will be insured.
DeleteIt'll most likely be decorating one of d little drawers /boxes of a bank vault.
DeleteJosephine, pls marry my son already, he is 9 and a model son. Lol
ReplyDeleteHmmm! Money talking, lucky josephine
ReplyDeleteHe really loves this his daughter
ReplyDeleteMoney is good.
Jehova please bless ur daughter
Oriegwu
ReplyDeleteA treasure for such young girl
Maybe he's investing
Okwuosa flora
When there's money there's money. Oluwa bless my hustle
ReplyDeleteAna-emegheri!
ReplyDeleteSome People Are Very very Rich. And Some People Are Very Very Poor, Oluwa Please Observe Me this Month, just wanna be in the Category of Very Very Rich People, Good Morning 1big Family
ReplyDeleteLucky Josephine.
ReplyDeleteToh...
ReplyDeleteThere's money and it should be spent
Madness ! A whole lot of people are suffering & yu want d world to celebrate yu 4 buying diamond 4 ur daughter . Vanity upon vanity .
ReplyDeletepoor man, go and sleep! whoever told you he isn't helping out? Google is your friend .
DeleteWhere all our African billionaires? Dangote's daughters be like: daddy see your mate.
ReplyDeleteLmao..
DeleteOk,he did a great job.
ReplyDeletePower of money.
This man should please come adopt me oo!
ReplyDeletethat is a beautiful thing to do.fathers should care for their children within their means.if na gala ur money reach,buy am and if na diamond too, buy it. Not like one idiotic, irresponsible urhobo man dat i know.
ReplyDeleteHahaha
DeleteHmmmmm. Too much money.
ReplyDeleteAwwwww
ReplyDeleteThe Love of A Daughter! Indescribable!
I think of mine and my heart just melts.have always said I was gonna buy mine Private Islands as Wedding gifts.hehehehe
Beautiful Rock! Soo Beautiful! You are one very lucky daughter. And much loved.
Stella we are getting there
ReplyDeleteobi
ReplyDelete#GODWIN™
If you don't know the worth of something, you don't at all.
ReplyDeleteWhen I see these precious stones, I see something that looks like what we use to design ankara. I always wonder how they arrive at their worth.
Do u even know what real precious stones are that can not be compared to costume, cosmetic or fake worthless cheap stones...imagine the level of ignorance on display*
DeleteAnon 9:30, so you can't understand a simple sentence?
DeleteYou are actually the dumb and ignorant one @ anon. Read and understand.
DeleteRead again!!!
Ahnahn, you're too forward, even in your stupidity.
I tire o @Nzube.
Money speaking
ReplyDeleteChincobee.blogspot.com
Naaaa waaaaaa........
ReplyDeleteInvesting in his child. Smart man
ReplyDeleteEyaaaa
ReplyDeleteI love this....
The daughter its a love child...
Josephine is a lucky one I must say.
ReplyDeleteOkay....she should make heaven o.
ReplyDeleteMeanwhile, did you read about China's Alibaba making a one day sale of $8billion? Jehovah!!!
DeleteCHRISTIE SAYS...........
ReplyDeleteI have one too. My dad gave it to me as my Christmas present last yr. Its so beautiful, i cry just looking at it. 😅😅😅😅😅😅😉😉😉😉😍😍😍😍
Ok
ReplyDeleteHer mama jazz dey work, Na strong one.
ReplyDeleteKikikikiki!
Delete#sayonara
Lol..
DeleteJosephine is really enjoying. I hope other children will not be envious of her. Congrats to the father. If you have it, flaunt it.
ReplyDeleteALL I SEE IS THE PERFECT EYEBROW
ReplyDeleteVanity upon vanity all is vanity
ReplyDeleteVanity upon vanity all is vanity
ReplyDeleteWish i could be Josephine
ReplyDeleteChoi..na wah ooo,
ReplyDeleteGood
ReplyDeleteMoney speaking in tongues
ReplyDeleteLovely, Money is good
ReplyDeleteLucky child
ReplyDeletelol @ Madam Gagool. Money!
ReplyDeleteHmmm..
ReplyDeleteDear Lord, bless me so I'd get more than this for my unborn kids..
Wetin dem call am? Billionaire abi?. I rest my case.
ReplyDeleteMe like some blue moon Josephine!
ReplyDeleteAre you a Working class busy wife, Bachelor, Student too busy to cook but love delicious Home made meals such as Okazi/Afang, Ogbono, Egusi, Bitterleaf, Jollof rice, Fried Rice, Stew etc pls call: 07053133504 (within Lagos) PS We also make your meals for you in the comfort of your home.
Me like some blue moon Josephine!
ReplyDeleteAre you a Working class busy wife, Bachelor, Student too busy to cook but love delicious Home made meals such as Okazi/Afang, Ogbono, Egusi, Bitterleaf, Jollof rice, Fried Rice, Stew etc pls call: 07053133504 (within Lagos) PS We also make your meals for you in the comfort of your home.
Investing in his daughter smart man.
ReplyDeleteJosephine ibiara uwaoma nwam. Enjoy.
Money speaking
ReplyDelete