If you want to buy something for a ridiculous sum of money there’s one place you can count on, Sotheby’s. The luxury auctioneer has the distinct pleasure of selling some of the worlds most valuable items. This week it was business as usual when they sold a rare blue diamond for an eye-watering $48.5 million at a Geneva auction.

The diamond, a whopping 12.03 carat was giving the moniker “the blue moon”, coined from the phrase “once in a blue moon”, due to its rarity.

Cut from a 29.6-carat diamond discovered in South Africa’s Cullinan mine, this gem was brought to life by a master cutter over three tireless months.

The buyer, although purchasing anonymously, has been identified as Hong Kong’s 6th richest man. Property tycoon Joseph Lau. Lau, who has a net worth of $9.7 billion, apparently bought the rare blue diamond for his 7 year old daughter, renaming the stone “The Blue Moon of Josephine.”

What more does a 7 year old want than a $48.5 million rare blue diamond?

Well, it turns out also a $28.8 million rare pink diamond that Lau casually picked up the day before -which he renamed “Sweet Josephine.”


An employee wears 16.08 carat pink diamond at Christie’s auction house (Reuters)

What happened to just wanting a pony?

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