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
10 Things You Didn’t Know about Margarita Louis-Dreyfus
How did Andrey Melnichenko Make His Billions?
The Richest People in Europe - Liliane Bettencourt
20 of the Richest People in Europe
Aston Martin DB5
The Five Most Important Aston Martins of All-Time
Mercedes-Benz C-Class
The 10 Best Affordable Luxury Cars That Are Actually Worth Owning
Rolls Royce Dawn is Named Best Luxury Car
Shelby American’s 50th Anniversary Super Snake
Five of the Most Gorgeous Villas To Rent in Miami
The Top 5 Airport Lounges In The World
Five Luxurious Cayman Islands Packages You’ve Got to Try
10 of the Most Luxurious Things To Do in Boston
10 of the Most Luxurious Things To Do in Boston
The Five Most Expensive Monochrome Watches Available Today
A Guide for the First-Time Rolex Buyer
Why We Love the The 2016 Rolex Air-King
Why We Love the Jaeger-LeCoultre Master Ultra Thing Squelette
The Top Five Women’s Sneakers Brands in 2016
Five Upcoming Sneaker Collections to Check out in August
Five of the Most Expensive Sneakers at Sneakerness Berlin
Five Sneaker Brands to Look for at New York Market Week
Five Whiskey Brands That are On the Rise
Cheese
The Most Expensive Cheeses in the World
$1,000 Ice Cream Sundae Serendipity 3
Here’s Where You Can Enjoy a $1,000 Ice Cream Sundae In Vegas
Mauro Camusso Creates his Wine in a Disused Mineral Mine
The 10 Most Stunning W Hotels in the United States
Five of the United States’ Most Unique 5 Star Properties
The Top Five Luxury Hotels in Caracas, Venezuela
The Top Five Luxury Hotels in Peru