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Vivid Blue Internally Flawless Diamond Fetches Record Price!
Sotheby’s on Tuesday named Joseph Lau Luen-Hung as the buyer of the cushion-shaped 7.03-carat, vivid blue, IF diamond that fetched a record-breaking $9.48 million at auction last week. Lau is a renowned Hong Kong collector and connoisseur.
Lau is a real estate investor who owns a 71 percent stake in Chinese Estates Holdings, and is ranked as Hong Kong’s fifth richest person by Forbes Magazine, with a net worth of around $4 billion.
Lau has named the stone "Star of Josephine." The auction house noted that the diamond sale, which took place May 12 in Geneva, broke two auction records — the world record price per carat for any gemstone at auction, and world record price for a fancy vivid blue diamond at auction.
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