Business
Diamond Sale
Diamond Sale.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 1799D Petra Diamonds Ld 27 November 2009 \n \n\n\n\n\n\n\nImmediate Release\n\n\n27 November 2009\n\n\n\n\n\nPetra Diamonds Limited\n(\"Petra Diamonds\" or \"the Company\")\n\nExceptional 168 carat white Cullinan diamond sold for US$6.28 million\n\n\nPetra Diamonds announces that the 168.00 carat special white diamond recently recovered at the Cullinan mine in South Africa was sold on 26 November for US$6.28 million (approximately US$37,380 per carat).\n\nThis stone, which was sold to an undisclosed buyer, is of exceptional colour and quality and was recovered in the same production series as three other special diamonds: the 507.55 carat white diamond (which has not been offered for sale yet, as the Company considers the best route to market in order to maximise value) and two diamonds of 58.50 and 53.30 carats, which were sold in November for a total of US$2.8 million. \n\nThe Cullinan mine is renowned as a source of large, high-value diamonds and in its history has produced more than 300 diamonds of over 100 carats and a quarter of all the world's diamonds over 400 carats.\n\n\nJohan Dippenaar, CEO of Petra, commented:\n\n\"I am delighted to announce the sale of this special white diamond from Cullinan. The interest in the stone was very high, as was the case with the two smaller (53 and 58 carat) rough diamonds sold in mid November, and the three diamonds have together achieved a total sales value of just over US$9 million.\"\n\n\n~ Ends ~\n\n\nFor further information, please contact:\n\n\n\n\n\nCathy Roberts\n\n\nTelephone: +44 20 7318 0452\n\n\n\n\nPetra Diamonds, London\n\n\[email protected] \n\n\n\n\n\n\n\n\n\nBobby Morse / James Strong\n\n\nTelephone: +44 20 7466 5000\n\n\n\n\nBuchanan Communications\n\n\[email protected] / [email protected] \n\n\n\n\n\n \n\n\n\n\nJames Duncan / Nicola Taylor\n\n\nTelephone: +27 11 880 3924\n\n\n\n\nRussell & Associates\n\n\[email protected] / [email protected] \n\n\n\n\n\n\n\n\n\nMike Jones / Ryan Gaffney\n\n\nTelephone: +44 20 70...