https://www.miningweekly.com

Rare 25 ct Petra diamond sells for $16.9m

27th May 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – South Africa-focused diamond producer Petra Diamonds has sold a 25.5 ct blue diamond, recovered from its Cullinan mine, in April, for $16.9-million.

The represented an average of $663 144 per carat.

“We are delighted to have concluded such a successful sales process for this important blue diamond. The process was highly competitive in terms of bids received, due to the incredible rarity of a blue stone of such size and quality. This result further serves to highlight the Cullinan mine’s unique position as the world’s most important source of blue diamonds,” CEO Johan Dippenaar commented.

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Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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