Monday, 28 March 2016

Petra Diamonds sells 32.33 carat Pink Diamond for $15m

Petra Diamonds announced it had sold a 32.33 carat ‘exceptional' pink diamond for $15 million, or $463,965 per carat. The stone was found in November at Petra's Williamson mine in Tanzania.

The Williamson Diamond Mine is located 160km south of Mwanza town in the Shinyanga Province of Tanzania, and is one of seven mines operated by Petra.
The mine was established in 1940 by Dr. John Williamson, a Canadian geologist, and has been in continuous operation since then, making it one of the oldest continuously operating diamond mines in the world. Over its lifetime it has produced over 19 million carats of diamonds.

Petra owns 75 per cent of the Williamson mine while the government of Tanzania owns 25 per cent.