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HK Billionaire Buys Rare Blue Diamond For $48 Million; Sets World Record

Hong Kong Billionaire Buys Rare Blue Diamond for $48 Million; Sets World Record

Desiree Sison   | Nov 13, 2015 08:03 AM EST

A Hong Kong billionaire bought a rare, flawless "Blue Moon Diamond" for a whopping 48.6 million Swiss francs ($48.4 million) on Wednesday in Geneva, setting a world record for an auctioned gemstone, according to Sotheby's auction house.

The Blue Moon Diamond

Rare Blue Moon Diamond on Display at L.A. Museum; What Makes It Blue?

Ana Verayo   | Sep 15, 2014 09:30 AM EDT

The Blue Moon Diamond is internally flawless. It weighs 2.4 grams and is 0.61 inch at its greatest diameter.

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