Seven year old gets the World’s most expensive diamond as gift!

On Wednesday, billionaire Joseph Lau bought the ‘Blue Moon' diamond for a whopping $48.4 million (Approximately 315 crores INR) in an auction.

According to the auctioneer David Bennett, it is the "highest price per carat" ever obtained for any kind of stone.

The previous record holder for the most expensive diamond was the 24.78-carat Graff Pink, sold by Sotheby's for $46.2 million in 2010.

Lau bought it as a gift for his seven year old daughter Josephine.

Lau is known for buying diamonds for his daughters Josephine and Zoe.

Last November, he purchased a 9.75-carat blue diamond for $32.6 million (approximately 212 crores) and a Burmese ruby and diamond brooch weighing 10.10 carats for $8.43 million (Approximately 55 crores).

According to Forbes, Lau is the 114th richest person in the world with an estimated net worth of $9.8 billion.

HUH!!!!