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
Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...
The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Deal reflects growing security cooperation amid Sahel terrorism threats Ghana plays key role in Accra Initiative regional security efforts The...
( AFRICA FASHION UP) - Africa Fashion Up, the must-attend event for contemporary African fashion in Paris, announces the launch of its call for...
Chad exploring telecom partnership with Ethiopia’s Ethio Telecom Talks cover 4G/5G networks, cloud, devices and digital finance Initiative aims to...
Project to modernise 57km Nairobi-Thika corridor and rail systems Plan supports broader strategy including Nairobi BRT expansion The World Bank is...
Located about forty kilometers east of Lomé along the Gulf of Guinea, Aného is one of the most historically significant towns in Togo. Nestled between a...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...