HomeDiamonds & GemstonesPetra sells diamond for US6.28 million

Petra sells diamond for US6.28 million

Petra CEO Johan Dippenaar
holds the 507-carat white
diamond found at the
company’s Cullinan mine
earlier this year
London, England — MININGREVIEW.COM — 30 November 2009 – Petra Diamonds Limited “’ one of the world’s largest independent diamond groups by resources “’ has announced that the 168-carat special white diamond recently recovered at its Cullinan mine in South Africa has been sold for US$6.28 million (R47 million) “’ approximately US$37 380 R280 350) per carat.

A statement released here said this stone “’ which had been sold to an undisclosed buyer “’ was of exceptional colour and quality, and had been recovered in the same production series as three other special diamonds: a 507.55 carat white diamond which had not been offered for sale yet, and two diamonds of 58.50 and 53.30 carats, which had been sold earlier this month for a total of US$2.8 million (R21 million).

The Cullinan mine is renowned as a source of large, high-value diamonds, and in its history has produced more than 300 stones of over 100 carats and a quarter of all the world’s diamonds over 400 carats.

Petra CEO Johan Dippenaar commented: “I am delighted to announce the sale of this special white diamond from Cullinan. The interest in the stone was very high, as was the case with the two smaller (53 and 58 carat) rough diamonds sold in mid-November, and the three diamonds have together achieved a total sales value of just over US$9 million (R67.5 million).”