Diamond Company Becomes IPO

Reuters reported on Sierra Leone’s only pit diamond mine that begin as wartime booty and is now an IPO.

As quoted in the market news:

Seventeen years and several changes of ownership later, Koidu Holdings is selling gems in outlets such as U.S. jeweler Tiffany & Co. and considering a possible public listing, which could raise hundreds of millions of dollars to fund expansion.

Click here to read the full Reuters report.