Sierra Leone sold one of the world’s largest uncut diamonds for $6.5 million at a New York auction on Monday to raise funds for development projects in the West African country.
The egg-sized gem — known as the “Peace Diamond” — was bought by British luxury jeweler Laurence Graff, said Martin Rapaport, chairman of Rapaport Group, a network of diamond companies that managed the auction.
“One hundred percent of the value of this diamond, of the auction sale of this diamond, is going to go to the government and the people of Sierra Leone. Never before has this happened,” Rapaport told reporters.
The gem was unearthed in March in Sierra Leone’s eastern Kono region by a Christian pastor who gave it to the government to handle the sale.