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
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
WAEMU posts 3.31 trillion CFA francs trade surplus in Q4 Exports surge 50.4%, led by gold, ...
Funding to expand capacity, modernise plant, support women workers Project aims to boost local processing and target export markets The West African...
Ghana secures debt restructuring deal with India’s Exim Bank Agreement marks 11th deal, supports recovery and fiscal stability Government to tighten...
Despite its leading role in advancing financial inclusion on a continent where banking penetration remains low, mobile money still faces major structural...
Côte d’Ivoire to train 2,000 science teachers on contracts Programme targets shortages in maths and physics teaching Initiative responds to rising...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...