$40k per carat petra7 Mar 2021 18:41
Sale of 299 carat diamond for US$12.18 million
Petra Diamonds is pleased to announce that the 299.3 carat diamond recovered at the Cullinan diamond mine in January 2021 has been sold to Stargems DMCC for US$12.18 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 US$40,701 per carat, which exceeds the US$34,386 per carat received for the 424.89 carat 'Legacy of the Cullinan Diamond Mine' in May 2019.
Richard Duffy, Chief Executive Officer, commented on the sale:
“This is another significant sale for Petra Diamonds, following the sale of the Letlapa Tala Collection in November 2020, and a further endorsement of the quality of the Cullinan ore body which is known for its exceptional stones.”
Photos of the 299 carat diamond can be found at www.petradiamonds.com/media/image-library/diamonds.