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The government of Sierra Leone rejected a previous bid for $7.7 million from a different buyer.
Optimum Diamonds in New York paid an undisclosed amount for the fancy red stone.
The company’s sale of rough rubies from Montepuez saw only eight of 21 “schedules” sold.
The diamond miner also announced the details of its sale of 10.8+-carat rough scheduled to take place this week.
Here are the five most-read stories on National Jeweler last week, according to Google Analytics.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.