The World's Most Expensive Diamond Belongs to a 7-Year-Old

A 7-year-old owning any sort of diamond is kind of nuts, but a 7-year-old owning the most expensive diamond in the world is downright shocking. Earlier this morning, CNN confirmed that Hong Kong billionaire Joseph Lau now holds the record for buying the world’s priciest diamond, after purchasing it at a Sotheby’s auction in Geneva. The craziest part? The $48.4 million Blue Moon gem was bought for his 7-year-old daughter, Josephine. That’s one lucky little girl!

Scroll down to check out the jaw-dropping stone.

Major eye candy, huh? Speaking of shiny things, check out 45 diamond rings you can actually afford. And let us know what you think of the extravagant purchase below!