'Blue Moon' diamond fetches record $48 mn at Geneva auction

An exceptional 12.03-carat diamond dubbed "Blue Moon" was sold in Geneva for 48.6 million ($48.4 million, 40 million euros) Swiss francs on Wednesday, setting a new world record, auction house Sotheby's said. The vivid diamond, described as flawless by experts, was bought by a private collector from Hong Kong, who immediately renamed it "The Blue Moon of Josephine". The rock, set in a ring, went under the hammer for 43.2 million Swiss francs, with the final sale price amounting to 48.6 million S