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$48.5 Million Gift For Daughter

Million Dollar Gift For Daughter

An exceptionally large blue diamond has been sold for $48.5 million a record price for any jewel at an auction by Sotheby's. Though the auction did not reveal the buyer's name, it was reported have been bought by Hong Kong billionaire Joseph Lau for his daughter. he renamed the diamond 'The Blue Moon of Josephine'. after his seven year old daughter. The rare and flawless cushion shaped Blue Moon Diamond, mounted on a ring, has the top grading of fancy vivid blue and weighs 12.03 carats. It had a pre-sale estimate of $35 million to $55 million.