RAPAPORT… Petra Diamonds has unearthed a white diamond weighing 209.9
carats at its Cullinan mine in South Africa.
The D-color, type II, gem-quality stone is the fourth over
100 carats the miner has recovered this year, and the third since the beginning
of March, it said last week. Those included a 425.10-carat stone,
which it named The Legacy, and a 100.83-carat diamond.
Petra will sell its latest discovery during its fourth fiscal
quarter, ending June 30, along with The Legacy.
The company’s share price rose nearly 4% Thursday following
the announcement.
Image: The 209.9-carat stone. (Petra Diamonds)
Cullinan Yields 210ct. Rough
The Bottom Line
- Petra Diamonds found a 209.9-carat, D-color, type II, gem-quality diamond at the Cullinan mine in South Africa.
- This is the fourth diamond over 100 carats Petra has recovered in 2024, including a 425.10-carat stone named The Legacy.
- Petra plans to sell the 209.9-carat diamond and The Legacy during its fiscal fourth quarter ending June 30.
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