Loading...
See More

Petra's blue diamond fetches record price

Dec 21 2011 09:46 Reuters

Related Articles

Petra profit dips, sees volatile prices

Petra Diamonds revenue up 24%

 
London - Petra Diamonds has sold a 4.8 carat blue diamond for $1.45m, the highest amount it has achieved per carat for any rough diamond, the company said on Wednesday ahead of its move up to London’s main stock market.

The blue diamond, sold in the most recent tender in early December at over $300 000 per carat, was produced from South Africa’s famous Cullinan mine. The Cullinan Diamond, set in the crown jewels worn by British monarchs, was discovered there in 1905 and the mine is the world’s only significant source of rare and highly valuable blue diamonds.

The company said it was confident the price paid per carat was one of the highest ever for an uncut diamond.

Petra will start trading on the main market on Wednesday after moving up from the junior AIM market. The African-focused diamond producer hopes to be included in the FTSE 250 index next March.
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...