Tuesday, September 16, 2014

Petra Recovers 232-Ct. Diamond at Cullinan

Petra Diamonds recovered a 232.08-carat, D, type II, white diamond at the Cullinan mine in South Africa.

The diamond (pictured) is of exceptional size and clarity, according to the company, and is yet another very large, high-quality diamond recovered at Cullinan. In February, Petra sold a 29.60-carat, blue diamond from the mine for $25.6 million or $862,780 per carat. In June, the company recovered a 122.50-carat, blue diamond, which is currently for sale  in South Africa.

The company intends to offer the recently discovered diamond for sale in the second quarter of its fiscal year and will notify the market once a date is finalized. 

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