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by marcusgarvey 3868 days ago
We have reached levels of unfathomable wealth.

>Last week, Hong Kong billionaire Joseph Lau paid 48.6 million Swiss francs ($48.4 million) at Sotheby’s in Geneva for a 12.03-carat blue diamond, the most spent on a jewel at auction. A day earlier, he paid 28.7 million francs for a 16.08-carat pink diamond. Both purchases were for his 7 year-old daughter, his office said.

4 comments

That's nothing. Another guy from Hong Kong is offering more than twice that to anyone who can convince his daughter to be with a man.
Which, bigoted and misguided though it may be, offers a much better ROI than shiny rocks for a child.
Seems like the hip thing for a multi-billionaire to do would be to buy the whole stone and leave it uncut, just so they could have the largest diamond in the world.
I hope she gets to play with them.
i think this is meagre compared to the kings and monarchs of past ages (think egyptian pharos etc, or ancient emperors).