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I have no idea what happens to it, or the placenta for that matter. My first thought is that it may be destroyed. Shame, you're right.

Sorry for taking so long to reply! It gets quite busy with a two-year-old to take care of and making sure I get enough sleep!!
According to the hospital consent forms, the placenta and umbilical cord are incinerated. But there are conspiracies that they are sold to cosmetics companies.

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