Big deal sparkles

PETRA Diamonds Limited announced yesterday the exceptional 121,26 carat white diamond recovered at the Cullinan Mine outside Pretoria had sold for $6 million R87m).

The transaction was part of the company’s June sales process in Johannesburg.

The stone has been bought by a joint venture comprising Nemesis International and Golden Yellow Diamonds, two leading manufacturers who specialise in large diamonds.

Petra Diamonds Ltd is a diamond mining group with its headquarters in Jersey.

It has a diversified portfolio, with interests in eight producing mines in South Africa and Tanzania, and an exploration programme in Botswana.