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Large Cullinan Diamond Sells for $6M
Jul 3, 2016 4:56 AM
By Rapaport News
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RAPAPORT... Petra
Diamonds sold a 121.26-carat rough diamond for $6 million in Johannesburg in June, the miner reported.
A joint
venture between Nemesis International and Golden Yellow Diamonds, two
diamond manufacturers specializing in large stones, bought the white diamond
for $49,480 per carat. The gem was recovered at the Cullinan mine in South
Africa.
The
Johannesburg tender was Petra’s last for its fiscal year that ended June 30.
Earlier this
month a cut-cornered rectangular mixed-cut, 24.18-carat, fancy intense blue, VS2 polished diamond originating from a rough gem mined by Petra at
Cullinan fetched $25.4 million at a Christie’s auction. The price translated to 1
million per carat. The 122.52-carat rough was sold for $23.5 million, or $225,269
per carat, in 2014. |
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Tags:
Cullinan, Cullinan Mine, Golden Yellow Diamonds, large diamonds, Nemesis International, petra, Petra Diamonds, Rapaport News, Rough Diamonds, South Africa
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