The state from the sale of the diamond will receive 3.9 million dollars.
The diamond was purchased at auction by the British billionaire jeweller Laurence Graff for 6.5 mil dollars One of the largest precious stones “the Diamond world” 709 weight carats of the Sierra Leone sold at auction in new York. The money will be invested in the development of the country.
The diamond was purchased at auction by the British billionaire jeweller Laurence Graff for 6.5 mil dollars. From the sale of the diamond, the government of Sierra Leone will receive a 59% or $3.9 million, in tax revenues. These funds will be invested in projects of water purification, the construction of schools, health centres, roads and electrification.
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Diamond found in Sierra Leone, was first exhibited at the auction. Officials hope that doing so will stop the illegal trade in diamonds.