post-title Sierra Leonean Pastor Demands $50m For Diamond To Help His People May 13, 2017 yes no Posted by
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Sierra Leonean Pastor Demands $50m For Diamond To Help His People

The world’s largest uncut diamond found by a pastor says he expects to get “not less than $50 million” for the 709-carat precious stone.

Pastor Emmanuel Momoh and his wife attending the diamond action in Sierra Leon

Pastor Emmanuel Momoh and his wife attending the diamond action in Sierra Leon

Failing to reach its minimum reserve price at auction in Sierra Leon, Pastor Emmanuel Momoh declared “I want my diamond to be sold abroad so I can get the best price to enable many people to benefit from the proceeds.”

The highest bid, for $7.8m, came from a UK citizen based in Antwerp, the European diamond capital in Belgium. Another auction is expected to take place in a few weeks.

The undisclosed reserve price, was set by the Sierra Leonean government.

May 2016, diamond-mining firm Lucara sold a 813-carat stone for $63m (£51m) at a closed auction in London.