Pastor rejects $7.8m, demands $50m for 709-carat diamond he discovered

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– Pastor Momoh says he expects to get “not less than $50 million” for the 709-carat precious stone in March

– Momoh’s statement comes after a failed auction in Sierra Leone

– The highest bid for the diamond stood at $7.8m

Emmanuel Momoh, a Christian pastor in Sierra Leone, who discovered one of the world’s largest uncut diamonds in the country, has said he expects to get “not less than $50 million” for the 709-carat precious stone, after it failed to reach its minimum reserve price at auction in Sierra Leone today, May 11, BBC reports.

Momoh said: “I want my diamond to be sold abroad so I can get the best price to enable many people to benefit from the proceeds.”

According to the report, today’s highest bid for the diamond stood at $7.8m.

It came from a UK citizen based in Antwerp, the European diamond capital in Belgium, where the next auction is expected to take place in the next few weeks.

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Pastor demands $50m for 709-carat diamond he discovered

However, the reserve price, which is the minimum amount that the diamond can be sold for and was set by the Sierra Leonean government, is a secret.

Earlier,

ZENITHBLOG.com had reported that Pastor Momoh discovered the diamond, weighing 709 carat in Kono district, Sierra Leone.

Pastor and his wife at the failed auction

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Pastor Momoh’s discovery is the biggest diamond to be found in Sierra Leone since 1972, when the 969-carat Star of Sierra Leone was dug up.

Last May, diamond-mining firm Lucara sold a 813-carat stone for $63m (£51m) at a closed auction in London.

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