39-carat blue diamond up for sale

by Samantha Ashenhurst | June 28, 2021 5:24 pm

[1]

Petra Diamonds is looking for a buyer for a high-quality blue diamond weighing 39.34 carats recovered from its Cullinan mine in South Africa.

The Type IIb diamond was found in April[2]. It is of exceptional quality, the company says, both in colour and clarity.

The blue rough may fetch up to US$50 million, National Jeweler reports[3]. Viewings of the diamond will take place into July, including a stop in New York from July 7 to 9.

Cullinan has produced many notable finds in recent years, including:

• ‘Cullinan Heritage,’ a 507-carat rough white diamond, which sold for US$35.3 million in 2010;
• ‘Blue Moon of Josephine,’ a 29-carat rough blue diamond, which sold for US$25.6 million in 2014;
• ‘Cullinan Dream,’ a 122-carat rough blue diamond, which sold for US$25.3 million in 2016;
• ‘Legacy of the Cullinan Diamond Mine, a 424-carat rough white diamond, which sold for just under US$15 million[4] in May 2019;
• a 20.08-carat Type IIb blue diamond, which sold for US$14.9 million[5] (or $741,000 per carat) in November 2019;
• the ‘Letlapa Tala Collection’ of five blue diamonds (85.6 ctw), which sold as a suite of stones for US$40.36 million in November 2020; and
• an exceptional 299.3-carat Type IIa white gem quality diamond, which was recovered at the mine in January 2021 and sold for US$12.18 million last month[6].

Source URL: https://www.jewellerybusiness.com/news/39-carat-blue-diamond-up-for-sale/

---