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Africa Business In The News

709-carat Sierra Leone ‘peace’ diamond sells for over $6.5 million

JOHANNESBURG, December 6 – A 709-carat diamond found in Sierra Leone has been sold for more than $6.5 million, AP reports.
The diamond is said to be the 14th-largest ever discovered, according to the Rapaport Group, which auctioned the stone in New York on behalf of Sierra Leone’s government.
Fifty nine percent of the money is to go to the West African nation, while 26 percent will benefit the artisanal diggers who found the diamond.
The massive gem has been dubbed the “peace diamond” by the Rapaport groups, which states that the sale of the stone “will provide vital lifesaving infrastructure to the area where the diamond was found.”

African News Agency (ANA),

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