299-carat diamond sells for $12M

by Samantha Ashenhurst | March 5, 2021 10:11 am

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A 299.3-carat diamond found at Petra Diamond’s Cullinan mine in South Africa has sold for US$12.18 million.

The exceptional Type 11a white gem-quality diamond, which was recovered in January 2021, was purchased by Dubai-based diamond dealer Stargems DMCC.

The stone achieved a price of $40,701 per carat, exceeding the $34,386 per carat received for the 424.89-carat ‘Legacy of the Cullinan Diamond Mine[2]’ in May 2019, Petra says.

“This is another significant sale for Petra Diamonds, following the sale of the Letlapa Tala Collection in November 2020, and a further endorsement of the quality of the Cullinan ore body which is known for its exceptional stones,” says the company’s CEO, Richard Duffy.

Source URL: https://www.jewellerybusiness.com/news/299-carat-diamond-sells-for-12m/

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