Petra Sells Blue Diamond for Record

- December 21st, 2011

Reuters Africa reported Petra Diamonds Ltd (LSE:PDL) has sold the highest amount it has achieved per carat for any uncut diamond.

Reuters Africa reported Petra Diamonds Ltd (LSE:PDL) has sold the highest amount it has achieved per carat for any uncut diamond.

As quoted in the market news:

The blue diamond, sold in the most recent tender in early December at over $300,000 per carat, was produced from South Africa’s famous Cullinan mine.

The Cullinan Diamond, set in the Crown Jewels worn by British monarchs, was discovered there in 1905 and the mine is the world’s only significant source of rare and highly valuable blue diamonds.

Click here to read the full Reuters Africa report.

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