Tag Archives: petra diamonds

Petra Diamonds just sold this ‘exceptional pink’ rough gem for a whopping $15m

petra-diamonds-just-sold-this-exceptional-pink-gem-for-15m image www.worldwidediamonds.info

Petra Diamonds (LON:PDL) shares recovered some sparkle Thursday after the company announced it had sold an ‘exceptional pink’ diamond for $15 million, or $463,965 per carat.

The stock was up more than 2% in afternoon trading in London to 109.75p, and it has gained about 25% to date since the beginning of 2016.

It was found in November at Petra’s Williamson mine in Tanzania.The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.

Golden Yellow Diamonds purchased the rock on behalf of Israel-based diamond manufacturer, M.A. Anavi Diamond Group, which specializes in large and unique coloured diamonds.

Petra Diamonds, known for major findings in recent months, said it would retain a 10% interest in the polished proceeds.

The company, which owns the Finsch and Cullinan mines, posted last month a loss for the first half of its financial year as fewer sales demand and a glut of supply pushed rough diamond prices down by 9%.

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Henry Sapiecha

Chow Tai Fook to Unveil 104-carat Cullinan 1 Heritage diamond on November 28 – 2014

cullinan_507carat_diamond www.worldwidediamonds.info

Hong-Kong based Chow Tai Fook will unveil the 104-carat Cullinan Heritage 1, a diamond cut from an original 507.55 carat Type IIA rough diamond known as the Cullinan Heritage, on November 28, 2014,  Diamond World reports. The company acquired the diamond from Petra Diamonds in an auction for $35.3 million in 2010.

The Cullinan Heritage 1 will be showcased along with other diamonds, also cut from the Cullinan Heritage, on November 28 during a celebration for its 85th anniversary.
cullinan diamond rough diamond ceo image www.worldwidediamonds.info
The piece has been cut and polished by the company’s craftsmen and certified by Forevermark, reports add. Also, the stone will be set into jewellery.

The Cullinan Heritage was discovered in the Cullinan mine in South Africa and is the largest of its grade to have been recovered there since 1986.

Henry Sapiecha

pink diamonds line image www.worldwidediamonds.info