27 Oct 2021
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Petra sells Exceptional Blue Diamond to De Beers for $40 million
Sale of 39.34ct Exceptional Type IIb blue diamond for just over US$40 million
By: Diamond World News Service
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Jul 13 2021 2:52PM
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Reference: 25709  

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Petra Diamonds Limited is pleased to announce that the 39.34 carat exceptional Type IIb blue diamond recovered at the Cullinan diamond mine in April 2021 has been sold to a partnership between De Beers and Diacore for US$40,180,180, payable in cash prior to delivery of the stone.   

Mined from the Cullinan C-Cut, this adds to the famous diamonds that have originated from this iconic mine. The diamond achieved a price of US$1,021,357 per carat.

Richard Duffy, Chief Executive Officer, commented on the sale:

This sets a new milestone for Petra in achieving its highest price for a single stone and follows the sale of the 299 carat Type IIa white diamond in March this year and the five blue diamonds comprising the Letlapa Tala Collection in November 2020, purchased by the same De Beers Diacore partnership.”

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