Who wins at an investment in the Peace Diamond? | BNT Diamonds
8737 czjxkb2afz7v wd640

Who bought the already famous Peace Diamond?

15 Jul 21
  • Who bought the Peace Diamond?
  • Why is the proceed so important?
  • Which other famous diamonds are comparable?

Who bought the Peace Diamond?

The already famous Peace Diamond was recently found in Sierra Leone and is the 14th largest rough diamond ever found. The highest bidder was the British jeweller Graff, that also bought the bigger Lesedi La Rona at the end of June. The Peace Diamond made Graff’s wallet about $6,5 million or €5,5 million lighter. Graff thinks the purchase is a good investment, but not for the obvious reasons. It was mostly because of the humanity that drove them.

The country of origin really needs the income from this diamond, especially for the local population. A good investment for Graff is usually only the purest diamonds with D or E colour. The Peace Diamond does not even have a clear colour and is also not well suited for editing.

Why is the proceed so important?

The proceed of the stone is an unbelievable godsend for Sierra Leone. About 70,2% of the population lives below the poverty line, causing the proceeds to make an incredible difference in many lives. Above all, it’s also a symbolic act that means a lot for a country that has been plagued with trades in conflict diamonds. Now there are already plans to spend €3 million on the infrastructure in the region of the site.

Clear water, electricity, schools, roads and other things will boost the live of the population. Another million goes to a rural development fund.

Which other famous diamonds are comparable?

You already knew that the carat is important for a good investment. With his 706 carats or 140 grams, the Peace Diamond is very rare. The symbolic value aside, he has to let some other gemstones pass him. The biggest rough diamond ever found, is the Lesedi La Rona, with 1,109 carats and a price tag of $53 million.

The Cullinan was the biggest transparent diamond ever. This turned out to be a good investment for the diamond factory Assher in Amsterdam, that 100 years ago, extracted 9 large and 96 small stones that are now part of the British crown jewels.

You want to make in investment in valuable diamonds? Ask your quotation here of contact the diamond experts of BNT Diamonds for advice.

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.