A pastor in Africa discovered a massive
uncut diamond and sold the jewel to help his community.
The 709-carat "Peace Diamond" was discovered in the village of Koryardu
in March. The man who found it, Pastor Emmanuel Momoh, vowed to sell the
diamond in order to help the village.
In a statement obtained by Forbes, Momoh said, "The Peace Diamond will
greatly improve the lives of our people as it will bring clean water,
electricity, schools, medical facilities, bridges and roads to our
villages and the Kono District."
The jewel ultimately went to auction after an offer was rejected by the
Sierra Leone government in May. It sold for $6.5 million in New York on
December 4 to Graff Diamonds.
“The sale of the Sierra Leone Peace Diamond represents a new future for
the people of Sierra Leone,” said Martin Rapaport, head of the group
appointed to oversee the diamond’s sale.
However, there is some uncertainty in how much the sale will help the
village of Koryardu. Local reports stated that Momoh's failure to have a
proper mining license means he will only receive 41 percent of the $6.5
million. “Technically, he did not own the diamond. The diamond belongs
to the government of Sierra Leone,” Sahr Wonday of the minerals
regulatory agency told the Daily Nation.
Rapaport's group reported that the other 59 percent of the profit will
go to the African nation in the form of taxes used to benefit the