RAPAPORT. Petra Diamonds has sold a 299.3-carat rough stone to Stargems for $12.18 million, after recovering the diamond at its Cullinan mine in South Africa earlier this year.The “exceptional” white, type IIa, gem-quality diamond fetched $40,701 per carat, exceeding the $34,386 per carat.
Petra Sells 299-ct Diamond for $12.2m March 07, 21 by John Jeffay
(IDEX Online) - Petra Diamonds has announced another high-value sale from the iconic Cullinan mine - a 299.3-carat white, Type IIa gem for $12.18m.
It follows the sale last November of the Letlapa Tala collection of blue rough diamonds, also recovered from Cullinan a
nd weighing a total of 85.6 carats to De Beers and Diacore for just over $40m.
The exceptional new find (pictured) was sold to Stargems DMCC, Dubai-based arm of the Antwerp diamond supplier.
The price of $40,701 per carat, was higher than the $34,386 per carat achieved in May 2019 by the 424.89-carat Legacy of the Cullinan Diamond Mine.
IN BRIEF: Petra Diamonds sells 299 carat diamond for USD12 million
Fri, 5th Mar 2021 21:56
Petra Diamonds Ltd - majority owner of Williamson diamond mine in Tanzania - Notes 299.3 carat diamond recovered at the Cullinan diamond mine in January 2021 has been sold to Stargems DMCC for USD12.2 million. This exceptional Type 11a white gem quality diamond mined from the Cullinan C-Cut adds to the most famous diamonds that have originated from this historic mine. The diamond achieved a price of USD40,701 per carat, which exceeds the USD34,386 per carat received for the 424.89 carat Legacy of the Cullinan Diamond Mine in May 2019, company explains.