29.6 carat blue diamond sells for $25.6 million

Petra Diamonds Limited announces that the exceptional 29.62 carat blue diamond recovered from the Cullinan mine in South Africa in January has today been sold, following a highly competitive sales process, for U.S. $25,555,555 (US$862,780 per carat).

The diamond was bought for Cora International NY through the South African company Golden Yellow Diamonds.

Johan Dippenaar, CEO of Petra, commented, "This sale result affirms this stone as one of the most important blue diamonds ever recovered. An additional allure is the diamond's heritage from the Cullinan mine in South Africa, which is well known as the source of many of the world's most spectacular diamonds, including the two main diamonds in the British Crown Jewels, and which is the world's most important source of very rare blue diamonds."