Business
Recovery of high quality 25.5 carat blue diamond
Recovery of high quality 25.5 carat blue diamond.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \nRNS Number : 5103C Petra Diamonds Limited 17 April 2013 \n \n\n \n \n\n\n\n\n17 April 2013\n\n\nLSE: PDL\n\n\n\n\n \n \nPetra Diamonds Limited\n(\"Petra\" or the \"Company\" or the \"Group\")\n \nRecovery of high quality 25.5 carat blue diamond\n \n \nPetra Diamonds Limited announces the recovery of a 25.5 carat blue diamond at the Cullinan mine in South Africa. The stone is considered to be a high quality gem diamond of top colour.\n \nBlue diamonds are among the rarest and most highly coveted of all diamonds and the Cullinan mine is the most important source of blues in the world. Since Petra acquired the mine, it has produced a number of blue diamonds, including a 26.6 carat rough stone which yielded a fancy vivid blue and internally flawless 7.0 carat polished stone. This important and rare diamond sold for US$9.49 million (or US$1.35 million per carat) at a Sotheby's auction in May 2009, being at the time the highest price per carat for any gemstone sold at auction and the highest price for a fancy vivid blue diamond sold at auction. It was subsequently named the 'Star of Josephine' by its new owner.\n \nPhotos of the 25.5 carat blue can be viewed at the Company's website: www.petradiamonds.com and http://www.petradiamonds.com/media/image-library/diamonds.aspx. \n \n \nFor further information, please contact:\n \n\n\n\n\nPetra Diamonds, London \n\n\nTelephone: +44 20 7494 8203\n\n\n\n\nCathy Malins \n\n\[email protected] \n\n\n\n\n \n\n\n\n\nBuchanan\n(PR Adviser)\n\n\nTelephone: +44 20 7466 5000\n\n\n\n\nBobby Morse\nLouise Mason\nCornelia Browne\n\n\[email protected]\[email protected]\[email protected] \n\n\n\n\n \n\n\n\n\nRBC Capital Markets\n(Joint Broker)\n\n\nTelephone: +44 20 7653 4000\n\n\n\n\nMartin Eales\n\n\[email protected] \n\n\n\n\nJonathan Hardy\n\n\[email protected]\n\n\n\n\n \n\n\n\n\nCanaccord Genuity Limited\n(Joint Broker)\n\n\nTelephone: +44 20 7523 8000\n\n\n\n\nAndrew Chubb\n\n\[email protected]\n\n\n\n\n \n \n~ Ends ~\n \n\n\n \nAbout Petra Diamonds Limited\nPetra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rou...