Rare SA diamond sold for $6 million

JOHANNESBURG, (CAJ News) – PETRA Diamonds Limited announced that the exceptional 121,26 carat white diamond recovered at the Cullinan Mine in South Africa has sold for US$6 million (US$49,4 per carat).

The transaction has been part of the company’s June sales process in Johannesburg.

The stone has been bought by a joint venture comprising Nemesis International and Golden Yellow Diamonds, two leading diamond manufacturers who specialise in large diamonds.

Petra Diamonds Ltd is a diamond mining group headquartered in Jersey. It has a diversified portfolio, with interests in eight producing mines in South Africa and Tanzania and an exploration programme in Botswana.

Its Cullinan Mine, outside the capital Pretoria, is renowned as a source of large, high-quality gem diamonds, including Type II stones, as well as being the world’s most important source of rare blue diamonds.

– CAJ News

Short URL: http://cajnewsafrica.com/?p=13866

Posted by on Jul 1 2016. Filed under Featured, Finance, Mining, Mining & Engineering, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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