News

Advanced Search

Cullinan Mine Yields 139ct. Rough Diamond

Aug 10, 2016 8:27 AM   By Rapaport News
Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Petra Diamonds recovered a 138.57-carat, D-color, type IIa rough diamond, the latest in a string of large stones found at its Cullinan mine in South Africa. The company said it will offer the diamond at its sale in Johannesburg toward the end of the month.

The Cullinan mine is no stranger to large diamonds with recent finds including a 121.16-carat diamond that sold in July for $6 million, or $49,480 per carat. A 122.52-carat, blue diamond was sold in 2014 for $23.5 million, or $971,878 per carat, to a cutting and polishing partnership which cut it into four polished stones. The largest of those, the Cullinan Dream, was sold by Christie’s in June for $25.4 million, or $1 million per carat.

Petra shares rose 2 percent on the London Stock Exchange by midday following the company’s announcement.
Tags: Cullinan, Cullinan Dream, Cullinan Mine, Johannesburg, large diamonds, petra, Petra Diamonds, Rapaport News, Rough Diamonds, rough sales, South Africa
Similar Articles
© Copyright 1978-2018 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.