A Chinese billionaire just bought the most expensive diamond in the world for his 7-year old daughter


Talk about Daddy’s little princess. Chinese billionaire Joseph Lau just paid the highest price ever for a diamond at a Sotheby’s auction in Geneva, and CNN confirmed today that the recipient of said diamond is Lau’s seven-year old daughter, Josephine. We just hope Josephine’s future suitor doesn’t get scared off from proposing when he is not able to buy her a diamond that’s even half as nice as this one.

Lau paid a whopping $48.4 million for the “Blue Moon” diamond, setting a record not only for the highest price for a diamond, but also a record for the highest price paid per carat. That record was previously held by The Graff Pink diamond, which was also sold by Sotheby’s in 2010 for $46.2 million. The large blue stone is 12.03 carats and Lau renamed it ‘”Blue Moon of Josephine” in honor of his daughter. How sweet.

It’s a nice present, but as far as extravagant gifts for spoiled children go, we personally still prefer the penthouse apartment Dmitriy Rybolovlev bought for his daughter in 15 Central Park West for $88 million. Maybe when Josephine grows up, she’ll get a pad like that too.


  • BH

    would love to see what he gives back to his community