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PETRA’S 20.08-CARAT BLUE DIAMOND COULD FETCH $15 MILLION

Petra Diamonds will hold a special tender in mid-November of the exceptional blue stone
blue diamond petra
Credit: Petra Diamonds

Petra Diamonds will hold a special tender in mid-November of the exceptional 20.08 carat blue diamond it recovered from the Cullinan mine in South Africa in September 2019.

 

Rough Blue Diamond of Petra
Credit: Petra Diamonds

 

According to analysts such as Shore Capital and Investment bank Berenberg, the stone could fetch between $10 and $15 million in tender. Petra sold a 25.5-carat blue diamond for $663,144 per carat in 2013 (sold for $16.9 million), and a 29.62-carat blue stone for $862,780 per carat in 2014 (sold for $25.6 million).

 

Cullinan diamond South Africa
Credit: Petra

 

Viewings of the 20.08-carat diamond will run from November 1 to 7 at Petra’s marketing offices in Johannesburg. The tender will be held November 8-15 at Johannesburg’s Diamond Exchange and Export Centre.



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

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