Additionally it will also retain a 20% interest in the sales proceeds of the polished.
The diamond was bought by Golden Yellow Diamonds on behalf of M.A. Anavi Diamond Group, a leading diamond manufacturer and specialist in large and unique coloured diamonds.
“This sale result affirms that the market for high quality coloured diamonds remains robust. Pinks of this size and quality are incredibly rare, but the Williamson mine is known to produce them from time to time. This bodes well for the future of the mine as we continue to ramp up production and optimise the processing plant,” says Johan Dippenaar, CEO of Petra Diamonds.
“Given the exceptional nature of this pink stone, we are delighted to retain exposure to the uplift in the polished.”