Mining

South Africa : Petra Diamonds discovers 121.6 ct diamond at Cullinan

Wednesday, 22 June 2016 16:56

AIM-listed Petra Diamonds has recovered at its Cullinan mine in South Africa a 121.6 ct white diamond. The company said the stone, which has an exceptional color and clarity, will be sold alongside other high-quality stones in 2016’s last call to offer which is actually ongoing in Johannesburg.

The new discovery follows the sale by the company of the last Cullinan Dream on June 9. The stone is one of four blue diamonds cut and polished from a 122.52 ct stone found at Cullinan. The 24.18 ct stone was sold to Christie’s for $25.37 million.

The Cullinan mine is renowned for the major diamond discoveries made there. In 1905, the world’s biggest diamond, a 3,106 ct stone, was discovered at the mine. Since it was bought in 2008 by Petra Diamonds, the company has found other big blue diamonds including the Blue Moon of Josephine, a 12.03 ct stone which was sold for $48.5 million.

Louis-Nino Kansoun

On the same topic
African airlines increased passenger traffic 11.7% year-on-year in January 2026, among the strongest growth rates globally. Airlines increased capacity...
The government ordered the creation of a joint expert commission to tighten environmental oversight in the mining sector. Authorities identified...
Libya supplied 13.4 million tonnes of crude oil to Italy in 2025, making it the country’s largest supplier. Libyan crude accounted for nearly...
Egypt has proposed using the SUMED pipeline to help move Saudi crude to Europe. The route would bypass maritime disruptions affecting shipping in...
Most Read
01

Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...

Senegal Launches $360 Million Regional Bond Sale
02

Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...

As Hormuz and Suez Tensions Escalate, Africa Faces a Potential Energy and Trade Shock
03

Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...

Nigeria Advances Banking Reform With Strong Recapitalization Progress
04

DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...

DRC seeks ITC support to advance battery mineral value chains
05

Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...

Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.