BY KAREN AANONSEN
The Graff Pink has been dethroned. The 24.78-carat pink diamond, which sold for $46.2 million at Sotheby’s Geneva in 2010, is no longer the world auction record holder for a diamond or any jewel. That title now belongs to the Blue Moon. On Nov. 11, the 12.03-carat blue diamond was acquired for an astounding $48.4 million by Hong Kong businessman Joseph Lau. The property tycoon’s winning bid during the Magnificent Jewels and Noble Jewels sale at Sotheby’s in Geneva also broke the auction record for price-per-carat for any diamond or gem. Lau has since renamed his internally flawless purchase The Blue Moon of Josephine after his 7-year-old daughter.