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$8.62 Million Paid for Uncut Diamond

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From Reuters

An Australian oil and mining company announced Friday that a huge uncut diamond recently dug up in the West African country of Guinea was sold this week for $8.62 million.

The price of the 181.77 carat stone is believed to be the highest price per carat ever paid for a rough, uncut diamond.

The diamond was sold to a private syndicate that intends to cut and polish the stone.

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