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Hong Kong Billionaire Buys $48.5 Million Rare Blue Diamond For His Daughter At Auction

A Hong Kong business man has bought a rare blue diamond at an auction for the mind numbing sum of $48.5 million. Sotheby’s has revealed that the auction sum is a record price and that the tycoon bought the rare diamond for his 7 year old daughter.

The “Blue Moon” diamond is set in a ring is one of the rare pieces of vivid diamonds and has set a new record as the previous record price of $46.2 million.

The Hong Kong businessman had bought yet another rare pink diamond at another auction a day earlier for $28.5

The Hong Kong businessman is thought to be Joseph Lau, who is worth an estimated $9.8 billion.

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