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Petra Sells 299-Carat Diamond for More than $12 Million

The Type 11a white diamond achieved a price of $40,701 per carat
petra 299 carat white diamond
Credit: Petra Diamonds

Petra Diamonds sold a 299.3 carat diamond, unearthed at the Cullinan diamond mine in South Africa, for $12.18 million. According to Mining Weekly, the gem was sold in January to Stargems DMCC.

 

Cullinan diamond mine
Credit: Petra Diamonds

 

The exceptional Type 11a white gem-quality diamond achieved a price of $40,701 per carat – more than the $34,386 per carat received for the Legacy Diamond from Cullinan, which Petra sold in May 2019. 

 

425 carat diamond cullinan
Credit: Petra Diamonds

 

Petra’s CEO, Richard Duffy, commented: “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 orebody which is known for its exceptional stones”.



Tags: Diamonds News, Diamond Industry News, Diamond Prices News, Petra Diamonds News

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