Petra diamonds a London based company has suspended the Kono project in Sierra Leone, due to the fall in diamond prices. The mining region is the Kono district in the Eastern Province of Sierra Leone.
The Kono project
Mr Joseph Lau Luen-Hung, a Hong Kong based tycoon is the owner of the record breaking US$9.5 million 7.03 carat blue diamond sold on the 12th of May 2009. He is collector and real estate businessman, chairman of Chinese Estates.
Photo Credit: David Moore. Golden Eye Diamond.COM
A rare yellow diamond is to be auctioned by the United States Government. The diamond known as the Golden Eye Diamond is said to have a history of over 100 years.
A 7.03 carat fancy vivid blue , internally flawless cushion cut diamond was sold for a record breaking price of US$9,488,754- approximately US$9.5 million (6.2 million pounds or 10.5 million Swiss francs) on the 12th of May 2009 at a Sotheby's auction at Geneva, Switzerland.
This has set a new world record price for any gemstone sold at an auction, ie US$1,349,752 per carat. The previous record