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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.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extraordinary general meeting, or EGM, to unseat members of the board of JSE-listed gold junior Simmer & Jack has been withdrawn.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 : 507 carat diamond recovered at historic Cullinan mine

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