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Petra Diamonds Ltd. (LSE:PDL) announced that a 25.5-carat blue diamond recovered from its South Africa-based Cullinan mine has sold for US$16,910,180, or $663,144 per carat.
Petra Diamonds Ltd. (LSE:PDL) announced that a 25.5-carat blue diamond recovered from its South Africa-based Cullinan mine has sold for US$16,910,180, or $663,144 per carat.
Johan Dippenaar, Petra’s CEO, commented:
We are delighted to have concluded such a successful sales process for this important blue diamond. The process was highly competitive in terms of bids received, due to the incredible rarity of a blue stone of such size and quality. This result further serves to highlight the Cullinan mine’s unique position as the world’s most important source of blue diamonds.
Click here to read the full Petra Diamonds Ltd. (LSE:PDL) press release.