(IDEX Online) - The Royal Canadian Mint has produced the world's first diamond-shaped coin.It has a face value of CA$50, but is being sold to collectors for CA$1,499.95 in a limited edition of 700.The "coin" is made from 3oz of pure, matte-finished silver set with a 0.20-carat square-cut Forevermark Black Label diamond, mined at the Victor Mine, in Northern Ontario, before it closed in 2019.It also bears the portrait of Queen Elizabeth II, as used on all other Canadian coins, and is engraved with the words "2020" and "50 dollars"."This coin is an incredible example of the capabilities of our research and development lab," said Royal Canadian Mint product manager Erica Maga. "Getting this coin right took months and months of testing."