Blue Moon Diamond Eclipses World Auction Record at $48.4 Million

$48.4 Million dollar Blue Moon Diamond

Sotheby’s wrapped up their “Magnificent Jewels and Noble Jewels” auction in Geneva this past Wednesday, and the auction has a lot of people talking. Many incredible pieces of jewelry and gemstones were auctioned off for incredible prices, however one particular gem stole the show. It is called the “Blue Moon of Josephine” and it’s a massive blue diamond that weighs 12.03-carats in total. According to Sotheby’s, the sale of this diamond broke a world record:

A new world auction record for any diamond of any colour or any gemstone was set today when a sensational blue diamond sold for $48,468,158 ($4,028,941 per carat) at Sotheby’s in Geneva. Previously called the “Blue Moon diamond”, the magnificent stone was purchased by a private collector from Hong Kong tonight who has renamed the record-breaking jewel “The Blue Moon of Josephine”.

The exceptional result for The Blue Moon of Josephine importantly marks a new auction record price-per-carat for any diamond or gemstone – surpassing the benchmark established just last year at Sotheby’s New York by The Zoe Diamond ($3,348,205 per carat) – as well as a new auction record price for any jewel.

The Blue Moon of Josephine gathered a massive following when it was revealed that it was going to be put up for auction, since stones of this size and color are so rare. It was estimated that the diamond would sell for somewhere between $35 to $55 million, so the sale fit right within that initial estimate.

The winner of the auction is non-other than Joseph Lau, a multi-billionaire real estate investor who is one of the wealthiest individuals in the world. According to reports, he also purchased that 16.08-carat pink diamond that was sold for a record breaking $28.5 million dollars, so it seems as though he has a thing for fine jewels.

There’s no telling if we will ever see a diamond of this size or color again in an auction, and it is truly astounding that it sold for well over $48.4 million dollars. Not only is the diamond extremely large and rare, it is also internally flawless which makes it even more valuable. No one knows how many diamonds like The Blue Moon of Josephine are out there, but you never know what will turn up.

Photo from Fabrice Coffrini/Getty Images

Add Comment

Actors Basketball Players Bloggers Boxers Celebrities Criminals Football Coaches Football Players Golfers Hockey Coaches MMA NASCAR Olympians Politicians Skateboarders Soccer Coaches Soccer Players Tennis Wrestlers
Jamie Oliver
The Top Five Richest Chefs in the World
San Francisco Federal Reserve President John Williams & Mizuho Securities USA CEO John Koudounis Visit "Opening Bell With Maria Bartiromo" On FOX Business Network
20 Things You Didn’t Know About Maria Bartiromo
Masaharu Morimoto
Masaharu Morimoto: 10 Things You Didn’t Know
New Bentley GT Model Teases Extreme Design
A Rare 2005 Maserati MC12 sells for $1,575,000
1962 Ferrari 250 GTO Set to Sell for $55 Million
1967 Ferrari 330 P4
The One-Of-A-Kind 1967 Ferrari 330 P4
Niseko Village in Niseko, Japan
Top Five Hotels to Send Christmas Abroad
Sydney Plane 3
A $191,000 Flight is One Way to Ring in 2017
New Year's
Five Luxurious Places To Celebrate New Year’s Eve 2016
The Top 5 Airport Lounges In The World
First Time Rolex
A Guide for the First-Time Rolex Buyer
Why We Love the The 2016 Rolex Air-King
watch up close
Why We Love the Jaeger-LeCoultre Master Ultra Thing Squelette
michael kors
The Top Five Michael Kors Women’s Watches
gucci kicks
The Top Five Women’s Sneakers Brands in 2016
Five Upcoming Sneaker Collections to Check out in August
yeezy solar red
Five of the Most Expensive Sneakers at Sneakerness Berlin
Five Sneaker Brands to Look for at New York Market Week
The Top Five Red Wines of 2016
Enjoy A $1000 Box of Tequila Infused Chocolates
John Walker Philip Lawson Johnston Limited Edition
Five Whiskey Brands That are On the Rise
Alpe d'Huez 2
Alpe d’Huez Voted Europe’s Best Ski Resort
The Four Seasons Gorgeous New Hawaiian Resort
Suite 1
Milan’s Excelsior Hotel Gallia Gets Best Hotel Suite
Spa Alila Rainforest Retreat 1
Spa Alila Rainforest Retreat at the Edge of the Valley