Tuesday, 25 March 2014

Petra Diamonds sells 29.62-carat blue diamond for $25,555,555

(IDEX Online News) – Petra Diamonds has sold a 29.62-carat blue diamond recovered from the Cullinan mine in South Africa in January for $25,555,555, or $862,780 per carat. The diamond was bought for Cora International NY through the South African company Golden Yellow Diamonds.

Petra CEO Johan Dippenaar said, "This sale result affirms this stone as one of the most important blue diamonds ever recovered. "


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LONDON (Reuters) - An "outstanding vivid blue" 29.6 carat diamond has been recovered from Petra Diamonds' Cullinan mine in South Africa. (LON:PDL)

The mine, owned by the firm since 2008, was where the Cullinan Diamond was found in 1905 - the largest rough gem diamond ever recovered and weighing 3,106 carats. Other notable diamonds include a 25.5 carat blue diamond, discovered in 2013 and sold for $16.9 million, and a diamond found in 2008, known as the Star of Josephine, which brought $9.49 million.

A recent find by Petra Diamonds. The 29.6-carat stone was recovered at its Cullinan mine, about 40km (25 miles) north-east of Pretoria.

Petra unearthed another 25.5 carat blue diamond which sold for $16.9m in 2013.


See ---> http://pennystockjournal.blogspot.ca/2013/07/the-cullinan-diamond.html