5th Mar 2021 21:56
Petra Diamonds Ltd - majority owner of Williamson diamond mine in Tanzania - Notes 299.3 carat diamond recovered at the Cullinan diamond mine in January 2021 has been sold to Stargems DMCC for USD12.2 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 USD40,701 per carat, which exceeds the USD34,386 per carat received for the 424.89 carat 'Legacy of the Cullinan Diamond Mine' in May 2019," company explains.
Chief Executive Richard Duffy adds: "“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."
Current stock price: 1.66 pence
Year-to-date change: down 9.1%
By Paul McGowan; [email protected]
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