Industry News by Nemesis

Cullinan Yields 210ct. Rough

April 25, 2019

 

Petra Diamonds has unearthed a white diamond weighing 209.9 carats at its Cullinan mine in South Africa. 

The D-color, type II, gem-quality stone is the fourth over 100 carats the miner has recovered this year, and the third since the beginning of March, it said last week. Those included a 425.10-carat stone, which it named The Legacy, and a 100.83-carat diamond. 

Petra will sell its latest discovery during its fourth fiscal quarter, ending June 30, along with The Legacy. 

The company’s share price rose nearly 4% Thursday following the announcement. 

Image: The 209.9-carat stone. (Petra Diamonds)

 

Source: Rapaport

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