Diamond experts say the gem could be the 10th-largest ever discovered and initially pegged its value at $50 million.
How much is the blood diamond stone worth?
The latest Sierra Leone Blood diamond is over 709 Carats, that is uncut, and is worth $50 million. The government now take a 3% cut on all traded diamonds, and De Beers enforces this rigorously. The latest Sierra Leone Blood diamond is over 709 Carats, that is uncut, and is worth $50 million.
Are blood diamonds more expensive?
Some may assume that a conflict-free diamond comes with an extra cost, but this isn’t necessarily the case. … These diamonds are generally more expensive than those that are mined in Africa, but this is one way to completely ensure that you are receiving a conflict-free diamond.
Is it illegal to sell blood diamonds?
Diamonds that are not conflict-free are known as blood diamonds, which means they are illegally sold in order to finance devastating wars and terrorism.
Is the diamond in Blood Diamond Real?
blood diamond, also called conflict diamond, as defined by the United Nations (UN), any diamond that is mined in areas controlled by forces opposed to the legitimate, internationally recognized government of a country and that is sold to fund military action against that government.
Why are blood diamonds so valuable?
Blood Diamonds, also known as “Conflict Diamonds,” are stones that are produced in areas controlled by rebel forces that are opposed to internationally recognized governments. The rebels sell these diamonds, and the money is used to purchase arms or to fund their military actions.
Is a pink diamond a blood diamond?
The rare also known as pink Blood Diamond can be mostlyfound in Sierra Leone. A lot of mining’s take place there and finishing. … All of the desert and rock in Africa, there is sure enough to be all kinds of Diamonds there and in Sierra Leone the rare Blood Diamond, the diamond so small it can be known as just a pebble.
Does De Beers sell blood diamonds?
Diamonds: A Symbol of Love and Conflict. Blood Diamonds. … In 2000, De Beers controlled around 65 percent of all diamond production, while in 2001 De Beers marketed two-thirds of all the rough diamonds in the world and produced nearly half of the world’s supply of diamonds from their mine.
Are Tiffany blood diamonds?
So the Tiffany Diamond may not technically be a blood diamond according to the U.N., But this is a definition that deserves to be expanded, as Washington Post opinion columnist Karen Attiah noted.
Are Blood Diamonds still an issue?
It shows that the production of conflict diamonds still exists in Sierra Leone. According to the 2005 Country Reports on Human Right Practices of Africa from the United States, serious human rights issues still exist in Sierra Leone, even though the 11-year civil conflict had officially ended by 2002.
What’s the most expensive diamond?
Topping our list of the most expensive diamonds in the world is the legendary Koh-I-Noor. Weighing in at a massive 105.6ct, the most expensive diamond in the world is oval shaped. Steeped in mystery and legend, the stone is believed to have been mined in India in the 1300s.
Are diamonds worthless?
Diamonds, along with many other materials, do not have an intrinsic value, but this does not mean they are worthless, that statement is untrue for both jewelry diamonds and industrial diamonds. For gem-quality diamonds that you put in rings, the value comes from the value we assign to them as a society.
Are blood diamonds red?
Fancy Red Diamonds – The real blood diamonds
into a 5.11 Ct triangular brilliant shaped diamond that received a natural fancy red color grading by the GIA. The GIA also declared it had internally flawless clarity.