Published On: Fri, Jul 1st, 2016

Rare SA diamond sold for $6 million

DIAMONDJOHANNESBURG, (CAJ News) – PETRA Diamonds Limited announced that the exceptional 121,26 carat white diamond recovered at the Cullinan Mine in South Africa has sold for US$6 million (US$49,4 per carat).

The transaction has been part of the company’s June sales process in Johannesburg.

The stone has been bought by a joint venture comprising Nemesis International and Golden Yellow Diamonds, two leading diamond manufacturers who specialise in large diamonds.

Petra Diamonds Ltd is a diamond mining group headquartered in Jersey. It has a diversified portfolio, with interests in eight producing mines in South Africa and Tanzania and an exploration programme in Botswana.

Its Cullinan Mine, outside the capital Pretoria, is renowned as a source of large, high-quality gem diamonds, including Type II stones, as well as being the world’s most important source of rare blue diamonds.

CAJ News

Featured Video