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'Value' implies a transaction for money.

The largest and most spectacular diamonds in the world generally do not change hands for money; they change hands as gifts or often, spoils of war.

The highest quality, gem-quality diamonds have been found in South Africa and Zaire. These include the Cullinan Diamond, and the Millenium Star, respectively. Other spectacular diamonds have been found in India.

You can read more about these named diamonds, below.

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