Blue Moon Diamond Sells for $48.5M, Smashing All-Time Price Record at Sotheby’s Geneva

If you were to search our blog archives, you would find several entries about this ultra-rare blue diamond, starting with the first glimpses of the rough unveiled to the public back in January 2014.  We followed its amazing evolution, blogging again about it in February 2014  as the rough was sold and again in September 2014 and the finished Blue Moon diamond was stunned the gem world with its rare color and beauty.  For a truly amazing video of the cutting process for this gem, CLICK HERE.

Over a year later, in September 2015, we reported on the anticipation surrounding the upcoming auction of the Blue Moon.

Now the speculation and anticipation is over.  The results are in!  The much-ballyhooed Blue Moon diamond set an all-time record for the highest price ever paid at auction for a gemstone when an anonymous Hong Kong bidder captured the coveted 12.03-carat gem for a jaw-dropping $48.5 million at Sotheby’s Geneva last week.

The buyer renamed the stone “The Blue Moon of Josephine,” which was curious, because only one day earlier at Christie’s Geneva, an unnamed Hong Kong bidder paid $28.5 million for a pink diamond and named it “Sweet Josephine.” The Associated Press later reported that the unnamed buyer of both gems was, in fact, Hong Kong billionaire Joseph Lau, who has a young daughter named Josephine.

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