There’s a reason God gave these diamonds to the poorest people in the world and made the richest people want them. This is Tikun Olam (Hebrew for correcting the world), this is making the world a better place,” Martin Rapaport, chairman of Rapaport Group said in October this year. But a Reuters/BBC journalist in the country is reporting that the $6.5m price was lower than how much an earlier auction had priced the diamond. “Sierra Leone’s 709-carat diamond auction in New York was a real bummer!! The Freetown auction came up with $7.07 million. Despite huge amounts spent on insuring the stone to take it abroad and all the other expenses, it was sold for $6.5 million,” Umaru Fofano wrote in a Twitter post. The December 4 auction was the second attempt by the government to sell the gem known as the “Peace Diamond”, it had earlier in May 2017, rejected the highest bid of $7.8 million at an initial auction in Sierra Leone’s capital Freetown. Read More…http://ift.tt/2Byidfd
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