Which diamond was found in Sierra Leone? | BNT Diamonds
Siera Leone

Which diamond was found in Sierra Leone?

15 Jul 21
  • What do we know about this discovery?
  • What other diamonds were added to the collection?
  • What’s about to happen with the diamonds?

Since the beginning of the 20th century, new diamond mines have been located worldwide, including in Sierra Leone. Although African countries have had a negative connotation with diamond lovers for years, euphoria for this special discovery is in order. The Nambian Trustco Resources therefore reacts with satisfaction to the discovery. How much the diamond price will be, however, is yet not known.

What do we know about the discovery?

On November 12, the national mining agency NMA reported that miners from the mining company Meya in Sierra Leone have found a diamond of no less than 476 carats. According to the first estimates, it would be the second largest diamond ever found. As far as the diamond price is concerned, it’s still unclear.

“Every indication of the possible diamond price is pure speculation at this stage because the diamond has not yet been examined and assessed by the necessary experts”, says Trustco.

Which other diamonds were added to the collection?

Meya has an exclusive license of 4 years for diamond exploration in Kono. This district in eastern Sierra Leone appears to be a very diamond-rich region. On the same day, the miners found a 27,93 carat and 19,70 carat diamond.

In March, a diamond of 709 carat was already discovered and will be auctioned on December 4 in New York.

What’s about to happen with the diamonds?

The government has already given permission to export the 476 carat diamond and Meya has confirmed its intention to sell the diamond through an international auction. It is therefore exciting to look for what the final diamond price will be at this auction.

Earlier this month we were talking about the auction of the exceptional Grisogono diamond. It was expected that this would yield more than 30 million dollars. The final diamond price was ‘only” $33,8 million.

Are you looking for investment diamonds that have more selling potential? Ask your quotation or contact the experts of BNT Diamonds for our investment packets.

Fabienne Rauw
About Fabienne Rauw
BNT Diamonds Antwerp

Fabienne, manager of the German market is able to guide every client with finding the right jewel. She takes care of most of the German orders, but also takes other task on her plate. Thanks to her six years of experience at BNT Diamonds she acquainted well with the product and the marketing around it. Her degree in PR ensures that BNT Diamonds is well presented across all media channels. For anyone looking into a new investment opportunity, Fabienne is the perfect guide in this process. No question will be left unanswered, and she will help you every step of the way.

With this article, BNT Diamonds strives to inform you thoroughly about investing in diamonds. No investment can be guaranteed to be without risk or fully according to your expectations. That is why we recommend to research the risks and aspects of investing in diamond properly to ensure that you make the right choice for your portfolio.