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Cullinan Mine Yields 139ct. Rough Diamond
Aug 10, 2016 8:27 AM
By Rapaport News
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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.
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Tags:
Cullinan, Cullinan Dream, Cullinan Mine, Johannesburg, large diamonds, petra, Petra Diamonds, Rapaport News, Rough Diamonds, rough sales, South Africa
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