Petra Diamonds Ltd - Recovery of exceptional 342.92ct Type IIa White Diamond
28 July 2021LSE: PDL
("Petra" or the "Company" or the “Group”)
Recovery of exceptional 342.92 carat Type IIa White Diamond at the
The diamond is likely to be sold via the Company’s upcoming tender during
Photos of the diamond can be viewed at www.petradiamonds.com/media/image-library/diamonds and further information on the heritage of the Cullinan mine and its diamonds can be found at https://www.petradiamonds.com/about-us/our-heritage/.
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For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Marianna Bowes firstname.lastname@example.org
Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in
Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base of ca. 243 million carats, which supports the potential for long-life operations.
Petra strives to conduct all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. The Company aims to generate tangible value for each of its stakeholders, thereby contributing to the socio-economic development of its host countries and supporting long-term sustainable operations to the benefit of its employees, partners and communities.
Petra is quoted with a premium listing on the Main Market of the
Located at the foothills of the Magaliesberg mountain range, 37 kilometres north-east of
It earned its place in history with the discovery of the Cullinan diamond in 1905, the largest rough gem diamond ever found at 3,106 carats. This iconic stone was cut into the two most important diamonds which form part of the Crown Jewels in the
Many of the most famous diamonds in the world herald from the
-- the Premier Rose (353 carats rough); -- the Niarchos (426 carats rough); -- the
De Beers Centenary(599 carats rough); -- the Golden Jubilee (755 carats rough); and -- the Taylor-Burton diamond (69 carats polished).
More recently, remarkable diamonds recovered by Petra at the
-- the Cullinan Heritage (507 carats rough white diamond), sold for
US$35.3 millionin 2010; -- the Blue Moon of Josephine (29 carats rough blue diamond), sold for US$25.6 millionin 2014; -- the Cullinan Dream (122 carats rough blue diamond), sold for US$25.3 millionin 2016; and -- the Legacy of the Cullinan Diamond Mine(424 carats rough white diamond), sold for just under US$15 millionin May 2019. -- a magnificent 20.08 carat Type IIb blue diamond sold for US$14.9 million( US$741,000per carat) in November 2019. -- The Letlapa Tala Collection of five blue diamonds, weighing 85.6 carats in total, sold as a suite of stones for US$40.36 millionin November 2020. -- An exceptional 299.3 carat Type IIa white gem quality diamond recovered at the mine in January 2021and sold for US$12.18 millionin March 2021. -- An exceptional 39.34 carat Type IIb blue gem quality diamond recovered at the mine in April 2021and sold for US$40.2. million in July 2021; the highest price Petra has received for a single stone.
More information on the Cullinan Mine’s unique heritage can be found at