Wednesday, April 5, 2017

One Hundred and One Better Uses for Seventy-One Million Dollars than a Diamond


A rare 59.6 carat pink diamond described as “one of the world’s great natural treasures” has become the most expensive jewel ever sold, going for more than $71 million at auction in Hong Kong.

Bidding for the gem, which was found by De Beers at a mine in Africa in 1999, began at $56 million.

According to the Sotheby's auction house, the precious stone, which is the size of a plum, was bought after just five minutes' bidding. It was acquired by local jewelry retailer Chow Tai Fook.

RT:  ‘Pink Star’ diamond sells for record $71.2mn at Sotheby’s auction


When asked what he will do with this Pink Star diamond, Mr Chow Tai Fook said he would look at it sometimes.  Next we asked what else he will do with it and he told us there isn't anything else you can do with it.

We need to help Mr Chow Tai Fook come up with other things he can do with this seventy-one million dollar diamond since we see what else that kind of money can buy.


Although modest on the scale of luxury yachts, seventy million dollars will get you a vessel like this and Mr Chow Tai Fook can do a lot more with this than with some crumby diamond.


SuperYachts:  Luxury Yacht Heritage M For Sale


You will have to come up with the other hundred better uses for seventy-million dollars than some crumby diamond but we're highly confident you can easily do it.

6 comments:

Anonymous said...

He probably already owns the list of 101

Unknown said...

That seems such a drab existence since mostly I guess you can go around looking at all your rich stuff but it would have to be under such heavy lock and key ... whew ... it doesn't seem all that luxurious to me.

I met an old cowboy today and he calls himself a gentleman farmer with twenty-five acres. John was there with his wife Doris and he said they have some longhorn cattle on their ranch. He said right now they have six baby longhorns and come on out to visit if you like.

No rich guy has that.

Anonymous said...

The dude himself has to be under lock and key. His existence would be up to him. I imagine Richard Branson and Elon Musk would tell you being that rich is pretty cool. It must be fun to be able to fund every idea that you had and bring them to fruition

Unknown said...

Yep, I bet that take is about right. It's not some disingenuous thing from me in thinking being rich and famous would suck, particularly if you collect material things since then others want to steal them.

I do believe you're right about Elon Musk as he seems he's having a ball. Branson has mostly faded but Musk keeps getting brighter and brighter with one loon idea after the other.

Anonymous said...

Loon ideas don't count only ones that come to fruition
I doubt Branson thinks he faded. But the setback by the Enterprise explosion is larger than expected

Unknown said...

Excuses, excuses. SpaceX had a monumental blow-up with a previous launch and the reaction was to go into a monumental period of debugging. They found it, fixed it, and launched again. Branson looks like a false start out here.