Christie’s to sell 24.18 ct Cullinan Dream diamond for up to $29m
JOHANNESBURG (miningweekly.com) – Auction house Christie’s will, next month, auction off the Cullinan Dream – a 24.18 ct fancy intense blue Type IIb diamond – that is expected to sell for between $23-million and $29-million.
The diamond was cut from a larger 122.52 ct diamond discovered at Petra Diamonds’ Cullinan mine, in South Africa, in June 2014.
The 122.52 ct rough diamond, which Petra sold into a cutting and polishing partnership for $23.5-million in September 2014, had resulted in four polished blue diamonds of notable size – the 24.18 ct cut-cornered rectangular mixed-cut Cullinan Dream; an 11.3 ct pear-shaped diamond; a 10.3 ct radiant-cut diamond and a 7 ct cushion-cut diamond.
Petra would receive 15% of the proceeds from the sale of the Cullinan Dream, following the June 9 auction, in New York.
The world’s largest rough gem diamond ever recovered – the 3 106 ct Cullinan diamond – was recovered from the Cullinan mine.
Since Petra acquired the mine in 2008, it has recovered a number of other large blue diamonds, including the 12.03 ct Blue Moon of Josephine, which was sold for $48.5-million; a 25.5 ct rough diamond sold for $16.9-million; and the 7.03 ct Star of Josephine that was sold for $9.49-million.
Christie’s earlier this month sold the 14.62 ct rectangular Oppenheimer Blue diamond for about $57.6-million.
Another notable diamond sale in May was the 812.77 ct The Constellation rough diamond, recovered at Lucara Diamonds’ Karowe mine, in Botswana, which sold for $63.11-million.
Auction house Sotheby’s would on June 29 sell the 1 109 ct Lesedi La Rona diamond, also recovered at the Karowe mine, for an estimated $70-million.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation