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When Father Loves His Daughter! He Purchased $48 Million Diamond

Billionaire Joseph Lau Purchased $48 Million Diamond

Billionaire Joseph Lau from Hong Kong bought to his seven-year-old daughter famous 12.03 carat “Blue Moon” diamond and paid for it nearly $48.5 million! A rare blue diamond reached a record price at Sotheby’s auction in London. Head of auction David Bennett stated that this was the highest price per carat achieved by this diamond. Before the auction, it was estimated between 32.6 and 51 million euros.

Billionaire Joseph Lau Purchased $48 Million Diamond
Billionaire Joseph Lau Purchased $48 Million Diamond

The new owner immediately renamed “Blue Moon” diamond into “Blue Moon of Josephine“, after the name of his daughter.
The media report that billionaire from Hong Kong earned his fortune dealing with real estate, and last year was convicted of bribery and money laundering. He recently bought another gemstone to his daughter that costs millions of dollars.

Billionaire Joseph Lau Purchased $48 Million Diamond
Billionaire Joseph Lau Purchased $48 Million Diamond

Lau is the buyer of 16.8 carat “Pink Diamond” from Christie’s and he paid $28.5 million for it. That diamond was also renamed and is now called “Sweet Josephine”. Six years ago, Lau bought to his darling a 7.3 carat blue diamond – “Josephine’s Star”, paying a then-record $ 9.5 million.
A court in Macau, known as the “Asian Las Vegas”, condemned Lau to five years in prison on corruption charges. The sentence was not served because Macau and Hong Kong have no extradition treaty. According to “Forbes“, Lau’s fortune is estimated at $10.2 billion.

Billionaire Joseph Lau Purchased $48 Million Diamond
Billionaire Joseph Lau Purchased $48 Million Diamond

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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