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Hong Kong tycoon gives his daughter the most expensive diamond

by tideboxes (writer), , November 16, 2015

A Hong Kong billionaire has disbursed a record $ 48.46 million dollars to buy fashion jewelry, excluding commissions

A Hong Kong billionaire has disbursed a record $ 48.46 million dollars, excluding commissions, to give her daughter the "Blue Moon", a spectacular 12.03 carat blue diamond put under the hammer at Sotheby's in Geneva.

The real estate tycoon Joseph Lau, sentenced in 2014 for corruption in Macau, the gambling capital of the world, bought the stone in Switzerland on Wednesday and immediately renamed "The Blue Moon of Josephine (Josephine Blue Moon) "in honor of his daughter of seven.

Photos : billionaire buy fashion jewelry

The day before, the billionaire former British colony passed under Chinese tutelage had spent $ 28.5 million for a pink diamond set in a ring of 16.08 carats, immediately renamed "Sweet Josephine".

A spokesman for Mr. Lau Hong Kong-based confirmed these purchases to AFP. "The first purchase was the pink Sweet Josephine + +, the second, the Blue Moon of Josephine + +," said she said.

According to the auctioneer David Bennett, the "Blue Moon" broke several records, one of the "most expensive diamond, whatever its color, one of the most expensive jewel sold at auction, and the price per carat."

This rectangular diamond size of 1.55 cm by 1.34 cm, before the sale was estimated between 35 and 55 million.

This is not the first time that Joseph Lau offers rare jewels to her daughter. In 2009, it had disbursed according to press $ 9.5 million for another blue diamond he had renamed "Star of Josephine."

The billionaire was sentenced 64 years in March 2014 to five years and three months in prison for bribing a former minister of Macau, hoping to acquire land in the former Portuguese territory under Chinese tutelage.

It is unlikely, however, that his sentence. He was convicted in absentia and two Chinese semi-autonomous regions have not signed an extradition agreement.

The previous world record for a diamond and jewel sold at auction was held by the Graff Pink (24.78 carats), left in November 2010 for $ 46.2 million at Sotheby's in Geneva.

Regarding the price per carat, the previous record belonged to the blue diamond "Zoe" auctioned in November 2014 in New York sold for $ 32 million. Which put the carat to 2.64 million against 4.02 million for the "Blue Moon".

This was the last batch closing traditional sales outstanding jewelry organized in November by Sotheby's in Geneva.

Another star lot, a ring with a large ruby and which belonged to Queen Marie-José of Belgium, has however no takers. It was estimated between six and nine million.

Two jewelry sold by actor Sean Connery them have been acclaimed by some 200 people who attended the auction.

An orange-pink diamond pendant mounted was awarded $ 3.38 million, while it was estimated between 1.2 and 2.4 million.

A diamond ring is a party to $ 200,000. It was estimated between 150,000 and 200,000 dollars.

In total, the Sotheby's sale, which included 513 lots realized in the amount of 139.08 million dollars.

Read more : Fashion NeckLaces online sales



About the Writer

tideboxes is a writer for BrooWaha. For more information, visit the writer's website.
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