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‘Blue Moon Diamond’ sells for record $48.4 million

The rare and flawless “Blue Moon Diamond” has sold for 48.6 million Swiss francs (48.4 million US dollars) to a Hong Kong buyer, setting a world record for a gemstone at an auction, said Sotheby’s. The cushion-shaped diamond, mounted on a ring, has a vivid blue grading on top and weighs 12.03 carats. It was promptly renamed ‘The Blue Moon of Josephine,’ the name of the buyer’s 7-year-old daughter.

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