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
Zimbabwe limits 10% gold royalty to prices above $5,000/oz from 2026 Caledonia says financial balance depends on gold staying below that...
Libreville announces a broad review of mining contracts and payments Audit aligns with talks toward a possible IMF financing program Move...
Chad requests technical and institutional support from Algeria Talks focused on skills transfer, with no investment deals announced Hydrocarbons...
In the wake of rising gold prices, several mining companies are accelerating the development of new projects. In Zimbabwe, U.S.-based Namib Minerals...
Most Read
01

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
02

In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...

AGRA’s Lilial Githinji “Leadership capacity remains the missing ingredient in Africa’s food systems transformation”
03

Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...

Airtel Africa Partners With SpaceX to Roll Out Starlink Direct-to-Cell
04

BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km,...

Burkina Faso Secures BOAD’s $35.7 Million for Road to Mali
05

Fitch lowered Gabon’s sovereign rating to CCC- amid rising fiscal stress Payment arrears reac...

Fitch downgrades Gabon to CCC- as liquidity strains deepen
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.