HomeNews‘Peace Diamond’ auction to benefit Sierra Leone’s poor

‘Peace Diamond’ auction to benefit Sierra Leone’s poor

The money raised from the sale of the Peace Diamond will be used to improve the lives of poor artisanal diggers and the people of Sierra Leone where it was discovered.

International diamond trading network The Rapaport Group is providing free worldwide marketing of the diamond to boost awareness of the stone to secure the highest possible price for it at auction, an effort that has been highly praised by the World Federation of Diamond Bourses (WFDB).

Since the diamond was found in a village that does not have clean water, electricity, medical facilities, a school, roads or bridges, the aim is for the proceeds after taxes to be used to provide vital, life-saving infrastructure and to improve the lives of tens of thousands of the poorest people in the world.

“I believe this is a perfect example of the good that diamonds can do for some of the poorest people in Africa,” says WFDB President Ernie Blom.

“We, as an industry, don’t tell the general public enough about the benefits that diamonds do for diggers and miners and their families across the African continent.

“This diamond is being sold in the right way, with the aim of providing the people of Sierra Leone with direct help in their everyday lives. Diamonds can, and do, make the world a better place, and I hope this succeeds because it will clearly provide assistance to some of the neediest people in Africa,” Blom adds.

The Peace Diamond will be on display in Antwerp until November 15, before moving on to New York for viewing until the auction takes place on December 4.

The Rapaport Group is facilitating viewing of the diamond, and interested buyers can contact the firm.

The Rapaport Group is also asking the diamond trade to join its efforts to promote the Peace Diamond on social media by liking the Peace Diamond Facebook page, and participation in the Peace Diamond Video Challenge supporting the idea that “Diamonds That Make the World A Better Place” is open to everyone with a $5 000 prize for the best video that attracts the most likes.

Featured image credit: The World Federation of Diamond Bourses

The 709-carat “Peace Diamond” whose sale will bring much-needed practical help to the people of Sierra Leone

Chantelle Kotze
Chantelle Kotze is a Johannesburg-based media professional. She is a contributor at Mining Review Africa (Clarion Events - Africa) and has created content for the media brand over the past 6 years.