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HK tycoon buys his 7-year-old daughter a blue diamond for record US$48.4m

Published Thu, Nov 12, 2015 · 09:50 PM

Hong Kong

A Hong Kong billionaire spent a record US$48.4 million buying a 12.03-carat diamond dubbed "Blue Moon" for his daughter in an auction in Geneva, his spokeswoman confirmed to AFP on Thursday.

Property tycoon Joseph Lau bought the rock at a Sotheby's auction on Wednesday and immediately renamed it "The Blue Moon of Josephine" after his seven-year-old daughter.

The sale comes the day after he spent US$28.5 million buying a rare 16.08-carat pink diamond…

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Companies & Markets

HK tycoon buys his 7-year-old daughter a blue diamond for record US$48.4m

Consumer & Healthcare

Sony deal for Paramount would draw added regulatory scrutiny

Lululemon to shutter Washington distribution center, lay off 128 employees

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

P&G raises annual core profit forecast on resilient demand, price hikes

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

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