News

Advanced Search

Petra's 30-Ct. Blue Diamond Sells for $26M

Feb 14, 2014 10:55 AM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Petra Diamonds Limited sold an exceptional 29.62-carat blue rough diamond recovered from the Cullinan mine in South Africa during a highly competitive bidding process. The diamond fetched $25,555,555  or $862,780 per carat, according to the mining company. blue diamond prices

The diamond was bought for Cora International NY through the South African company Golden Yellow Diamonds.

Johan Dippenaar, the CEO of Petra, said,  "This sale result affirms this stone as one of the most important blue diamonds ever recovered. An additional allure is the diamond's heritage from the Cullinan mine in South Africa, which is well known as the source of many of the world's most spectacular diamonds, including the two main diamonds in the British Crown Jewels, and which is the world's most important source of very rare blue diamonds."

Tags: blue, Jeff Miller, Petra Diamonds, prices, Rough tender
Similar Articles
Bharat Diamond BourseIndia’s Diamond Trade Slows in August
Sep 19, 2017
India’s polished-diamond exports declined 6.5% to $1.82 billion in August, according to data the nation’s Gem &...
Alrosa cuttingAlrosa Could Keep More Large Stones in Russia
Sep 12, 2017
Alrosa may increase its supply of large rough diamonds to Russian cutters, under a government program to boost...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.