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This Billionaire Just Bought A $48 Million Diamond — For His 7-Year-Old Daughter!

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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!!

Related: Emilia Clarke Goes Bra-Less For Dior Jewelry!

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

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Guess The Former Real Housewives Star Who Got THIS Bling For Christmas!

Filed under: Real HousewivesInstagram

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The Real Housewives are known for their enormous mansions, designer dresses, and overall decadent lifestyles.

Not surprisingly, their Christmas gifts are no different.

[ Related: EXCLUSIVE! The Real Housewives On The Red Carpet! ]

But which former Housewives star posted this pic on Instagram of her Ah-Mazing present with the caption:

"Oh hi 10 carats!!… forevermark diamond! #inlove #stunning #bestfriends"

Well, it's none other than…

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It's Only Been A Couple Weeks Into Jenny McCarthy & Donnie Wahlberg's Marriage & She Has Already Lost Her Wedding Ring!

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Well, that was very quick!

From the sound of it, Jenny McCarthy and Donnie Wahlberg had a little too much fun at a hotel which caused her to lose her giant rock of a wedding ring!


The two lovebirds tied the knot and made their union official at the end of August! It wasn't long after their wedding when the former View host lost her wedding ring!

Jenny commented on her bare ring finger, saying:

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Ben Affleck Is Back At The Casino, Gambling Again! But Is He Ignoring Jennifer Garner’s Pleas For Him To Stop & Placating Her With Jewelry??

Filed under: Ben AffleckLove LineJennifer GarnerJewelry

ben affleck jennifer garner gambling jewelry wenn doodle

Don’t press your luck, buddy!

Ben Affleck’s gambling habit has gotten him in some serious trouble with wifey Jennifer Garner, according to insiders close to the couple!

But despite her urging him to stop betting away their money, Ben continues to sneak off whenever he can to the casino!

The 41-year-old was spotted yet AGAIN laying down mad cash at a Detroit-area casino, just a short drive away from where he’s shooting the upcoming Man of Steel sequel.

Uh ohhhh…

Jen’s not gonna like this!

Last weekend though, it looked like Batfleck was saving the day with some fancy schmancy jewelry for Jen!

Ben and his daughter Seraphina, 5, were seen inside Barneys in Beverly Hills purchasing a gift for mom!

An onlooker in the store explained:

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Jay Z And Solange Weren't Actually Shopping For Bling Together? The Truth Behind This Skeptical Jewelry Rendezvous Revealed!

Filed under: Celebrity FeudsJay ZSolangeWendy WilliamsNew York

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No wonder Jay Z and Solange barely spoke to each other when they were shopping for diamonds together!

It was because they weren't actually at the shop!

Late Tuesday night, we reported that Jaylange was spotted shopping for jewelry together at a store called Mr. Flawless just a day after the footage of their elevator brawl went public!

The two were supposedly just browsing around, ultimately leaving the jewelry shop empty handed, but the fact that they were even together was AH-Mazing!

Now, things have sort of

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Brooke Candy Sparkles With Opulence! Watch Her Diamond-Encrusted Music Video HERE!

Filed under: Music MinuteBrooke Candy

Diamonds really are a girl's best friend!

Brooke Candy is bedazzled and badass in her new music video for Opulence.

While it might not be for the squeamish, the modern day, rapping Marie Antoinette turns deliciously diabolical and totally freaky in the best way possible.

If you like shocking footage with a side of jewels, glitter, and devilish giggles, then you'll LOVE this video!

Ch-ch-check it out (above)!!!

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Karen O Oozes Of Glamour And Diamonds On The Oscars Red Carpet!

Filed under: Fashion SmashionOscarsRed Carpet

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This girl looks fabulous!!

Karen O is performing The Moon Song at Oscars tonight, who would've thought she would blow away the masses before even setting foot on stage!

The AH-Mazing songstress posed in a satin black Camilla Stærk and was dripping in diamonds by Neil Lane and Stephen Webster for Forevermark, and she completed her look with Rau Wolf clutch!


We can't wait to see what she wears during her performance!

[Image via AP Images.]

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