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