Josephine Lau given world’s most expensive diamond
Suri Cruise of Asia’s $68 million diamond from dadA BILLIONAIRE fugitive who is supposed to be in jail just spent a fortune on one present for his seven year old daughter. Don’t be too jealous.
Emma Reynolds and wiresVideoImageThe diamond was purchased by Hong Kong tycoon Joseph Lau, according to his office, who renamed the 12.03 carrot gem Blue Moon of Josephine TM after his hermes replica handbags china
The diamond was purchased by Hong Kong tycoon Joseph Lau, according to his office, who renamed the 12.03 carrot gem Blue Moon of Josephine TM after his daughter.
A HONG KONG billionaire fugitive who is supposed to be in jail has just spent $68 million on the most precious diamond ever sold for his seven year old daughter.
Josephine, named after her father Joseph Lau, is regularly seen mixing with Asia social elite carrying miniature Birkin handbags by Hermes, worth up to $200,000.
Lau renamed the 12.03 carat gem, set in a ring, the Moon of Josephine after buying it at a Sotheby auction in Geneva. Picture: Apple DailySource:Supplied
The Suri Cruise of Asia may experience some rivalry with her 13 year old sister Zoe, however. Last November, the doting dad presented his older daughter with a 9.75 carat blue Diamond worth $46 million at a Sotheby New York auction and a $12 million 10.1 carat ruby and diamond brooch, Red bought from Christie in Hong Kong.
The 64 year old property tycoon, ranked the 114th richest man in the world by Forbes with a fortune of around $13.7 billion, was sentenced to five years in jail by a Macau court in March last year in a high profile bribery and money laundering case.
He was found guilty of bribing a former minister in the gambling enclave with $3.6 million in an attempt to purchase a prime site for a luxury development.
Lau denies any wrongdoing but didn attend the trial, avoiding prison because Macau and Hong Kong, both specially administered Chinese regions, do not share an extradition treaty.
The Blue Moon named because of its in a blue moon rarity topped the previous record of $65 million set five years ago by the Graff Pink, Sotheby said. have never seen a more beautiful stone. The shape, the colour, the purity it a magical stone. striking gem was cut from a 29.6 carat diamond discovered last year in South Africa Cullinan mine, which also yielded the 530 carat of Africa blue diamond that is among the crown jewels, and the Smithsonian Institution Heart in 1908.
Sotheby said experts spent five months studying the original Blue Moon, and a master cutter took another three months to craft, cut and polish the stone. The auction house said the Cullinan mine was the reliable source in the world for blue diamonds, and only a tiny percentage of those found in it contained even a trace of blue.
Blue diamonds are formed when boron is mixed with carbon when the gem is created.
Experts say the market for coloured diamonds has grown increasingly robust and both the blue and pink diamonds attracted great attention in the run up to this week jewel sales in Geneva.
Josephine is his daughter with girlfriend and former aide Chan Hoi wan, according to local media, while he has two other children with former partner Yvonne Lui and two with ex wife Bo Wing kam.
Lau has a lofty history of extravagant purchases. In 2006, he paid a record $250,000 for a personalised car numberplate bearing the characters LOVE U at a Transport Department auction, the South China Morning Post reported. He had it fitted to a Mercedes Benz used by his partners, according to local media reports.
He is also known for his collection of VIP jets, fine wines and expensive artworks. In 2007, he became the first private owner of a Boeing 747 Dreamliner, the manufacturerrevealed. He owns at least 10,000 bottles of red wine, and paid $39 million for Paul Gauguin Te Poipoi and $24.4 million for Andy Warhol painting of Chairman Mao.