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Sierra Leone’s 709ct. Rough Fails to Sell
May 14, 2017 6:45 AM
By Rapaport News
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RAPAPORT... Sierra Leone’s government rejected a $7.8 million bid for a
709.48-carat rough diamond last week, as the stone failed to meet the reserve price,
Reuters reported.
The diamond, which artisanal miner Pastor Emmanuel A. Momoh
discovered in March, is believed to be the 13th-largest ever found. It drew
five offers, starting from $2 million, with the top bid of $7.8 million coming
from Belgium-based diamond dealer Ray Diam, the news agency said Friday.
“We’ve decided not to sell the diamond today because the
highest bid price...does not match the government reserve price,” Reuters quoted
Sahr Wonday, chief auctioneer and head of Sierra Leone’s National Minerals
Agency, as saying. The government now hopes to sell the stone for a higher
price at international auction in Antwerp or Tel Aviv, Wonday added.
The government had already delayed the auction to enable
more bidders to take part; the sale was initially scheduled for early April. |
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Tags:
Antwerp, Auctions, large diamonds, mining, Rapaport News, Rough Diamonds, Sierra Leone, Tel Aviv
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