Friday, November 27, 2015

Sophie Kurzius (8), Billionaire Buys World's Most Expensive Diamond for his 7-Year-Old

On Sunday, November 22, 2015, billionaire Joseph Lau purchased the world's most expensive diamond. He named it after his seven-year-old daughter Josephine. The 12.03 carat vivid blue diamond cost Lau $48.8 million. Lau is a collector of jewels, fine wines and art, and is known for buying his daughters, Josephine and Zoe, extravagant gifts. Back in 2009, Lau purchased a 7.03 carat blue diamond for $9.48 million. He named it, the "Star of Josephine". Last November, he purchased a 9.75 carat blue diamond for $32.6 million, calling it "The Zoe Diamond" as well as a Burmese ruby and diamond brooch weighing 10.10 carats for $8.43 million, naming it "The Zoe Red". Joseph Lau is the 114th richest person in the world, and has an estimated worth of $9.8 million. The author of this article, Tiffany Ap, most likely wrote this article to inform jewel buyers of the extravagant purchase. I also think this article is significant because the world's most expensive diamond now belongs to a seven-year-old. I think the society we live in today is too materialistic and it really astonishes me what people are willing to pay to own such obnoxious things. 



http://www.cnn.com/2015/11/12/luxury/most-expensive-diamond/?iid=ob_article_footer_expansion&iref=obinsite

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