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25.5 carat blue diamond sells for US$16.9 million

May 24th, 2013

25.5 carat blue diamond sells for US$16.9 million

Petra Blue SmallPetra Diamonds Limited announces that the exceptional 25.5 carat blue diamond recovered from the Cullinan mine in South Africa in April has today been sold, following a highly competitive sales process, for US$16,910,180 (US$663,144 per carat).

Johan Dippenaar, CEO of Petra, commented:

“We are delighted to have concluded such a successful sales process for this important blue diamond. The process was highly competitive in terms of bids received, due to the incredible rarity of a blue stone of such size and quality. This result further serves to highlight the Cullinan mine’s unique position as the world’s most important source of blue diamonds.”

Source:

Petra Diamonds

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