Big deal sparkles

Weekend Argus (Saturday Edition) - - NEWS -

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.

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