JUMBO DIAMOND MAY BE SOLD LESS THAN EXPECTED

The diamond that was found in Kono district last month has raised the expectations of many Sierra Leoneans but SALONE TIMES is reliable informed that the jumbo diamond may be sold less than expected.

According to expert, the diamond does not have the value that it supposed to have because the gem is not as clean as it should be.

This information was confirmed by the Director General of the National Minerals Agency, Sahr Wonday when he was talking to press men last week on the diamond at the Ministry of Mines Conference Room.

Sahr Wonday dissuaded rumors that the government has put a price tag on the diamond but said that there are lots of factors that go into the price of diamond.

“It not just the carat of the diamond that determines the price, the colour and the clarity are also determining factors in coming up with price for a diamond,” he stated.

He mentioned that although they have made efforts to clean the diamond to reduce the reddish coating, it is still a major factor that they were not able to change.

Meanwhile only six people have bided for the diamond by buying a bid form at $5,000 which is not refundable but according to the Presidential Spokesman, Abdulai Bayraytay, they have extended the bidding process to 10 of May 2017 because they are receiving expression of interest from international bidders.

One thought on “JUMBO DIAMOND MAY BE SOLD LESS THAN EXPECTED

  • April 14, 2017 at 8:31 pm
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    Reply

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