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After Peace, Sierra Leone Set to Sell Prosperity

At 476 carats, the diamond is fifth-largest in nation’s history.
Nov 15, 2017 6:49 AM   By Rapaport News
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Koin International will sell the fifth-largest rough diamond in Sierra Leone’s history in a tender, the company said Monday.

Meya Mining, which recovered the 476-carat diamond last week in the nation’s Kono district, has appointed the rough-tender specialist as marketing-and-sales agent for the stone.

The diamond has been named the Meya Prosperity, after the mine where workers found it, Koin said Monday. The companies have not released the gem’s price or quality specifications.

Namibia-based conglomerate Trustco Group owns 51% of Meya Mining, with the rest held by local company Germinate Sierra Leone. Trustco bought the majority stake from Germinate in August 2016.

“Koin seems to know exactly what we want from this remarkable diamond — the best price, prosperity and great publicity for our diamonds and country,” said Minkailu Mansaray, Sierra Leone’s minister of mines and mineral resources.

Earlier, the government appointed the Rapaport Group to sell the 709-carat Peace Diamond. The historic stone, which is the 14th largest ever found, has this week been on view in Antwerp and will soon transfer to New York before it is auctioned there on December 4.  
Tags: Dubai, Koin, Koin International, Meya mine, Meya Mining, Meya Prosperity, mining, Minkailu Mansaray, Rapaport News, Sierra Leone, Trustco Group
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