LIFE
The 709-carat 'Peace Diamond' sells for $6.5 million at auction
10:33 December 05, 2017 Reuters
The 14th largest diamond in the world sold for $6,536,360 (USD) in New York on Monday. Sierra Leone will fund its development projects with the proceeds from the auction. This was the government's second attempt to sell the 709-carat uncut gem, known as the "Peace Diamond," after it rejected the highest bid of $7.07 million saying it failed to meet its own valuation at an initial auction in Sierra Leone's capital Freetown in May.