Petra Diamonds Sells 39.34 Carat Blue Diamond for $40.2 Million

By Ian Walker

Petra Diamonds Ltd. said Monday that it has sold a 39.34 carat exceptional Type IIb blue diamond to a partnership between De Beers and Diacore for $40.2 million, the highest ever received by the company for a single stone.

The diamond was recovered at the Cullinan diamond mine, South Africa in April, Petra Diamonds said.

De Beers is a subsidiary of Anglo American PLC.

Write to Ian Walker at [e-mail]

Corrections and Amplifications

This item was corrected on July 15, 2021 because it misstated that BlueRock Diamonds sold a 39.34 carat exceptional Type IIb blue diamond in the headline and article. The diamond was sold by Petra Diamonds Ltd.

(END) Dow Jones Newswires

07-12-21 1149ET