A seven-year-old child is now the very lucky owner of the most expensive diamond or gem ever sold at an auction after her Hong Kong businessman father bought her a record-breaking $48.5 million for a rare 12.03-carat blue diamond. Yes, you read that correctly—for a seven-year-old.
According to Sotheby's, the auction house behind the sale, the price tag breaks down to a record-breaking $4 million-plus per carat. The "Blue Moon diamond," now named "The Blue Moon of Josephine" for young Josephine, was found at a South African mine and has been graded the highest possible color quality for blue diamonds and deemed internally flawless by the Gemological Institute of America.
While most of us can only dream of receiving a rock like that, the "Blue Moon of Josephine" is the child's second rare gem. Just one day earlier, her father reportedly dropped $28.5 million on a pink stone he dubbed for her "Sweet Josephine." Sotheby's only identified the buyer as a private collector from Hong Kong, but The Guardian and others have confirmed it was purchased by billionaire Joseph Lau.