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Blue diamond ring previewed at Sotheby's in Geneva. (Photo by Mario Tama/Getty Images)

Nov 12, 2015 PM EST - Therese Agcopra

Chinese Billionaire Buys World's Most Expensive Diamond at $48.4 Million And Renames it ‘Blue Moon Of Josephine' After His Daughter

The 'Blue Moon of Josephine' is currently the most diamond and most expensive gem ever sold at an auction.

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