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You may be thinking of the film prop used in the film, Blood Diamond.

When diamonds are cut and polished, they lose up to 60% of their weight.

From ForbesLife, here is information about an October 2014 sale of a cut and polished pink diamond:

"Sotheby's said its Magnificent Jewels sale in Hong Kong on October 7 resulted in a world auction record for a fancy vivid pink diamond when an 8.41-carat internally flawless pink diamond sold for nearly $17.8 million. The internally flawless fancy vivid purple-pink gem also is a type IIa diamond, among the most chemically pure with exceptional optical transparency, according to the auction house."

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Q: What is the value of the famous blood diamond?
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