Economy

PEACE DIAMOND: Precious Stone Fetches $6.5m In New York

A giant 709-carat diamond unearthed in Sierra Leone has sold at auction in New York for $6.5m (£4.8m). Laurence Graff, chairman of Graff Diamonds, won the precious stone – nicknamed the “peace diamond” – in bidding on Monday. Half of the proceeds, $3.8m, will be used to fund infrastructure projects to

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