25th May 2016 07:26
LONDON (Alliance News) - Petra Diamonds PLC on Wednesday said the Cullinan Dream fancy intense blue diamond will be auctioned at Christie's in New York on June 9.
The 24.18 carat Cullinan Dream has been valued at USD23 million to USD29 million and is the largest fancy intense blue diamond ever offered for auction. It was found at Petra's Cullinan mine in South Africa.
Petra will get a 15% share of the Cullinan Dream sale proceeds after expenses.
Petra shares were trading flat at 119.50 pence Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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