Petra Diamonds Limited announced the recovery of a 121.26 carat white diamond at the Cullinan mine in South Africa. The stone is a Type II diamond of exceptional colour and clarity. The company notes that this stone exemplifies the large, high quality diamonds for which the mine is known.

The company intends to sell the diamond in its last tender of its 2016 financial year ("FY 2016"), which is currently underway in Johannesburg. This, along with a number of other high quality stones that will also be included in the tender, will deliver an improved product mix at the mine in the last quarter of FY 2016.