Mining

Petra Diamonds sells 121.26ct diamond for $6 million

Monday, 04 July 2016 20:14

LSE-listed miner, Petra Diamonds sold the 121.26ct white diamond that it recently discovered at its Cullinan mine in South Africa, for $6 million. The stone, with exceptional clarity, was sold in Johannesburg during the company’s sales session held in June. It was bought by a joint-venture comprised of Nemesis International and Golden Yellow Diamonds.

Last month, the firm sold its Cullinan Dream diamond, one of four blue diamonds cut from a larger piece of 122.52ct, also found at Cullinan. The 24.18ct stone was sold to Christie’s for $25.37 million.

The Cullinan mine is popular for the major discoveries it recorded. In 1905, the world’s biggest diamond, 3,106ct, was found there.

Louis-Nino Kansoun

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