("Petra" or the
"Company" or the “Group”)
exceptional 342.92 carat Type IIa White Diamond at the Cullinan
Petra Diamonds Limited is pleased to announce that it has
recovered a 342.92 carat Type IIa white diamond of exceptional
quality in terms of both its colour and clarity at the Cullinan
mine in South Africa.
The diamond is likely to be sold via the Company’s upcoming
tender during September 2021.
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
~ Ends ~
For further information, please
Telephone: +44 20 7494 8203
About Petra Diamonds Limited
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
South Africa (Finsch, Cullinan and
Koffiefontein) and one open pit mine in Tanzania (Williamson).
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
London Stock Exchange under the ticker 'PDL'. The Company’s
US$337 million loan notes due in 2026
will be listed on the Global Exchange market of the Irish Stock
Exchange. For more information, visit www.petradiamonds.com.
About the Cullinan Mine
Located at the foothills of the Magaliesberg mountain range, 37
kilometres north-east of Pretoria
in South Africa, the Cullinan Mine
is one of the world's most celebrated diamond mines.
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 Tower
of London – the First Star of
Africa, which is mounted at the
top of the Sovereign’s Sceptre and which at 530 carats is the
largest flawless cut diamond in the world, and the Second Star of
Africa, a 317 carat polished
diamond which forms the centrepiece of the Imperial State
The Cullinan Mine is renowned as a source of large, high-quality
gem diamonds, including Type II stones, as well as being the
world’s most important source of very rare blue diamonds.
Many of the most famous diamonds in the world herald from the
Cullinan Mine and it continues to produce world-class diamonds
under Petra’s stewardship. Notable diamonds historically produced
from the Cullinan Mine include:
- 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
Cullinan Mine include:
- the Cullinan Heritage (507 carats rough white diamond), sold
for US$35.3 million in 2010;
- the Blue Moon of Josephine (29 carats rough blue diamond), sold
for US$25.6 million in 2014;
- the Cullinan Dream (122 carats rough blue diamond), sold for
US$25.3 million in 2016; and
- the Legacy of the Cullinan Diamond Mine (424 carats rough white
diamond), sold for just under US$15
million in May 2019.
- a magnificent 20.08 carat Type IIb blue diamond sold for
US$14.9 million (US$741,000 per 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 million in November 2020.
- An exceptional 299.3 carat Type IIa white gem quality diamond
recovered at the mine in January 2021
and sold for US$12.18 million in
- An exceptional 39.34 carat Type IIb blue gem quality diamond
recovered at the mine in April 2021
and 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