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The person who spend more than $75 million on two very rare blue diamond rings. i should say rare diamond rings. one was blue, one was pink. both broke records at auction this week. the buyer is this man, a convicted criminal, who says he bought both rings for his seven-year-old daughter, joseph lao is his name and he is a billionaire from hong kong. just last year, a court convicted him of bribery and money laundering help says he renamed the blue diamond, blue moon josephine after his daughter. only 12-carats. sold for $48 million in switzer lend, sothebys claimed it was new record for any diamond of any color. then pink diamond sold for 28.5 million. breaking a record for a stone of its kind. the diamond buyer renamed that one sweet josephine for his daughter. ....