Advanced Search

Cullinan Yields 343ct. Rough for Petra

Jul 28, 2021 8:13 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Petra Diamonds has recovered a 342.92-carat rough diamond from its Cullinan mine in South Africa, it said Wednesday.

The white, type IIa stone, which is of “exceptional quality” in terms of both its color and clarity, will likely be offered at the company’s upcoming September tender, Petra noted.

Petra’s revenue jumped 38% to $406.9 million last year, growth the company attributed to its increased discovery of large, high-quality diamonds. The segment contributed a record $60.2 million in revenue in 2020, compared with $14.9 million in 2019.

Last year’s total included the sale of a high-quality, 299.3-carat, white diamond from Cullinan, which Petra sold to Dubai-based Stargems DMCC for $12.2 million.

Image: The 342.92-carat rough diamond. (Petra Diamonds) 
Tags: 342.92-carat, Cullinan, Cullinan Mine, petra, Petra Diamonds, Rapaport News, South Africa, Stargems DMCC
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2022 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
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.