168ct Cullinan Diamond Sold by Petra for $6,28m
27th November 2009 By: Creamer Media found at miningweekly.com
 In
this photo supplied by Petra Diamonds CEO Johan Dippenaar, holds the 507.55
carat white diamond recovered at the Cullinan Diamond Mine.
Credit: AP
JOHANNESBURG (miningweekly.com) – JSE-and LSE-listed Petra Diamonds
has sold a 168ct white diamond, recently recovered at its Cullinan mine, in
South Africa, for $6,28-million, it announced on Friday.
This amounted to about $37 380/ct.
The stone was recovered in the same production series as three other large
diamonds, among which was a 507,55ct white diamond that has not yet been offered
for sale.
The other two diamonds were 58,5ct and 53,3ct and sold for a total of
$2,8-million.
“The interest in the stone was very high, as was the case with the two smaller
rough diamonds sold in mid-November, and the three diamonds have together
achieved a total sales value of just over $9-million,” commented Petra CEO Johan
Dippenaar.
The Cullinan mine is renowned as a source of large, high-value diamonds and in
its history has produced more than 300 diamonds of over 100ct and one-quarter of
all the world's diamonds over 400ct.
Extra note: The request for the issuing of a notice for the holding of an
extraordinary general meeting, or EGM, to unseat members of the board of JSE-listed
gold junior Simmer & Jack has been withdrawn. The withdrawal, on Friday,
followed an application by Simmers to the South Gauteng High Court. The
application stemmed from a bid by disgruntled empowerment partner Vulisango to
place its nominees on the Simmers board at the EGM.
related : A 507 carat diamond
recovered at historic Cullinan mine
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Cullinan diamond sold last diamonds news
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