Friday, November 13, 2015

Hong Kong Billionaire businessman named ‘Big Lau’ spends £50million on diamonds for his 7-year-old daughter

Diamond
A billionaire businessman nicknamed “Big Lau” has spent £50 million on two super rare diamonds for his seven-year-old daughter on Thursday. the  property tycoon Joseph Lau paid a record-breaking £31.9 million for The Blue Moon Diamond, a "flawless" 12.03 carat gem with the highest possible grading - which he has now renamed the Blue Moon of Josephine after his daughter. Just a day earlier the Hong Kong businessman dubbed “Big Lau” paid £19 million for a pink diamond which he is renaming Sweet Josephine.


Joseph Lau

The hue on the Blue Moon is, according to the GIA Monograph who identify and grade rare diamonds: "likely to have never before been seen within such a large diamond, or any gemstone".

The GIA added that the colour could "be indescribable to even the most experienced diamantaire or colour theorist. Some, however, liken it to the ocean."
David Bennett, worldwide chairman of Sotheby's international jewellery division, previously described the Blue Moon as a "simply sensational stone of perfect colour and purity".

He said: "Weighing in at 12.03 carats, the 'Blue Moon' diamond is a simply sensational stone of perfect colour and purity, combined with a superb cushion shape.
"Blue, for me, is the most mysterious and magical of all the colours of diamond, and the Blue Moon will now take its place among the most famous gems in the world."
The auction house added it was the first stone to sell for more than $4 million (£2.6m) per carat.'

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