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Petra's 30-Ct. Blue Diamond Sells for $26M

Feb 14, 2014 10:55 AM   By Jeff Miller
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RAPAPORT... Petra Diamonds Limited sold an exceptional 29.62-carat blue rough diamond recovered from the Cullinan mine in South Africa during a highly competitive bidding process. The diamond fetched $25,555,555  or $862,780 per carat, according to the mining company. blue diamond prices

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

Johan Dippenaar, the CEO of Petra, said,  "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."

Tags: blue, Jeff Miller, Petra Diamonds, prices, Rough tender
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