Thursday, 14 December, 2017

Sierra Leone auctions off "peace diamond" for US$6.5 million

Sierra Leone ‘Peace Diamond’ sold for less-than-expected The egg-sized gem — known as the"Peace Diamond — was bought by British luxury jeweller Laurence Graff
Laurie Berry | 05 December, 2017, 21:22

The Rapaport Group is pleased to announce the sale of the 709 Carat, Sierra Leone Peace Diamond, the 14 largest diamond ever discovered, to the House of Graff for $6,536,360.

The money raised will go to fund developments in the African nation.

The Rapaport Group has dubbed the stone the "peace diamond" and said its sale "will provide vital lifesaving infrastructure to the area where the diamond was found". "Maybe this is going to be the beginning of a new day in Sierra Leone".

"The Peace Diamond bought by Laurence Graff will change lives even though it's a shame the diamond hasn't sold for a wildly expensive price", the managing director of 77diamonds.com, Tobias Kormind, said.

The stone was found by one pastor Emmanuel Momoh in Koryardu, located in the country's eastern Kono district. The auction was managed by Rapaport Group, a network of diamond companies.

Sierra Leone ‘Peace Diamond’ sold for less-than-expected

"We showed the diamond everywhere".

Diamonds fuelled civil war in Sierra Leone in the 1990s, when rebels forced civilians to mine the stones and bought weapons with the proceeds, leading to the term "blood diamonds".

The gem was first auctioned in Freetown for US$7.07 million earlier this year, but the government rejected the offer.

The United Nations lifted a ban on diamond exports from Sierra Leone in 2003, though the sector is plagued by smuggling.

The issue spawned a Hollywood movie and saw many celebrities castigated for wearing them and launching campaigns to highlight their trade.

This Brand of Purified Bottled Baby Water Is Being Recalled For Mold
Kroger is recalling purified water for infants that was sold at dozens of its stores across the country, including Indiana. Kroger urges anyone who has bought the water to stop using it immediately and return it to the store for a refund.

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