Must be nice, right?!
Joseph Lau, a real estate tycoon from Hong Kong, bought a 12-carat diamond for his seven-year old daughter at a Sotheby's auction this week. The price?
A whopping $48.4 MILLION dollars!!
Lau renamed the famous diamond, which had been known as "Blue Moon," to "Blue Moon of Josephine" immediately after purchasing it, as a reference to his daughter.
And if you think that wasn't enough, Lau's $48.4 million purchase comes exactly one day after he dropped
Tags: amazing, auction, auction block, christy's, crazzzzy, diamond, diamonds, geneva, hong kong, jewelry, joseph lau, josephine lau, perezcious parenting, sotheby's, switzerland, tacky and true, viral: kids, viral: news, wacky