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The World's Most Expensive Diamond Sold for $48.4 Million USD Purchased by Hong Kong buyer Joseph Lau, billionaire owner of property firm Chinese Estates Holdings, the diamond weighs in at a staggering 12.03 carats and is of a remarkable blue color. The record-breaking sale of the 'Blue Moon' diamond took place at a Sotheby's auction in Geneva and was promptly renamed the 'Blue Moon of Josephine' for the buyer's 7-year-old daughter. According to the auctioneer David Bennett, the gem is the "highest price per carat" ever paid for any type of stone. The prev...
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