Petra Diamonds says that the diamond will be sold in the last tender of its 2016 financial year, which is currently underway in Johannesburg.
This diamond, along with a number of other high quality stones will also be included in the tender and will deliver an improved product mix at the mine in the last quarter of the 2016 financial year, the company said in a media release.
The 121.26 ct diamond is of exceptional colour and clarity and is a reflection of the large, high quality diamonds for which the mine is known, having previously yielded large white diamonds of similar quality.
The Cullinan mine has produced over 800 white stones weighing more than 100 carats, 140 white stones weighing more than 200 carats, and around a quarter of all of its white diamonds weighing more than 400 carats.
Cullinan is also one of the world’s most celebrated mines for producing rare and famous diamonds – including the world’s largest rough gem diamond ever found, the 3 106 ct Cullinan diamond – which was cut into two highly significant diamonds which can be found in the Crown Jewels of Her Majesty the Queen of England.