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Petra Sells 23-Carat Pink Diamond for More Than $10M
Dec 9, 2015 8:44 AM
By Rapaport News
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RAPAPORT... Petra Diamonds Limited has received $10.1
million from the sale of an exceptional 23.16-carat pink diamond, achieving $433,938 per
carat for the rough stone. The miner recovered
the gem from the Williamson mine in Tanzania in November 2015, according to
a statement December 9.
Petra, which is listed on the London Stock
Exchange, sold the gem into a partnership and has retained a 20 percent
interest future proceeds from polished sales.
The stone was bought by Golden Yellow Diamonds
on behalf of Israeli diamond manufacturer M.A. Anavi Diamond Group, which
specializes in large and unique colored diamonds.
“This sale result affirms that the market
for high quality coloured diamonds remains robust,” said Johan Dippenaar, Petra’s
chief executive officer. “Pinks of this size and quality are incredibly rare,
but the Williamson mine is known to produce them from time to time. This bodes
well for the future of the mine as we continue to ramp up production and optimize
the processing plant. Given the exceptional nature of this pink stone, we are
delighted to retain exposure to the
uplift in the polished.”
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Tags:
colored diamonds, Petra Diamonds, Pink diamonds, Rapaport News
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