Business
39 carat blue diamond sold fo
39 carat blue diamond sold fo.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 1522H Petra Diamonds Ld 31 October 2008 \n\n\n\n\n\n\n\n\n31 October 2008\n\n\nAIM: PDL\n\n\n\n\n\n\nPetra Diamonds Limited \n('Petra' or 'the Company')\n\n39 carat blue diamond sold for US$8.8 million\n\n\nPetra, the international diamond mining group, today announces that the 39.19 carat special blue diamond recently placed on tender in Johannesburg, South Africa, has been sold for US$8.8 million to an undisclosed buyer.\n\nThis rare stone was produced from the Cullinan mine in South Africa, which is renowned as the world's only significant source of highly prized blue diamonds. \n\n\nJohan Dippenaar, Chief Executive Officer of Petra, commented 'Blue is one of the most rare colours of diamond and this exceptional stone is even more special due to its unusually large size. Diamonds of this nature are true collector's items due to their incredible beauty and scarcity.'\n\n\n\n\n\n\n\nFor further information, please contact:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCathy Malins\n\n\nTelephone: +44 20 7318 0452\n\n\n\n\nPetra Diamonds, London\n\n\[email protected]\n\n\n\n\nCorporate Communications\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAdrian Hadden\n\n\nTelephone: +44 (0) 20 7523 8000\n\n\n\n\nCollins Stewart, London\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nMedia relations:\n\n\n\n\nJulian Walker \n\n\nTelephone: +44 20 7357 9477\n\n\n\n\nHogarth Partnership, London\n\n\[email protected]\n\n\n\n\n\nCharmane Russell \n\n\nTelephone: +27 11 880 3924\n\n\n\n\nRussell and Associates, Johannesburg\n\n\[email protected] \n\n\n\n\n\n~ Ends ~\n\nAbout Petra Diamonds\nPetra Diamonds is a rapidly growing diamond mining group, focused on the African continent. A number of recent acquisitions have established Petra as one of the world's largest independent diamond groups by resources, with a total resource base of 265 million carats, worth US$27.3 billion. Petra's objective is to continue to grow production, developing its stature as a leading diamond producer in all of the countries in which it operates.\n\nIn South Africa, Petra has five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star. The Group has also reached agreement to acquire two further assets from De Beers - the Kimberley Underground mines,...