South Africa’s 25,5 Carat Blue Diamond Sells For A Quiet R160 Million

27 May 2013 by Jasmine Stone in Galbraith Rushby, Lifestyle, Luxury

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This is a stunner. This blue diamond was recovered from the Cullinan mine – northeast of Pretoria – in South Africa in April 2013. It is an amazing 25,5 carat diamond and wait for it, according to Petra Diamonds Limited, it has just been sold to the highest bidder for a whopping R160 million, the company announced on Friday. Johan Dippenaar, the CEO of Petra Diamonds Limited said:

We are delighted to have concluded such a successful sales process for this important blue diamond. The process was highly competitive in terms of bids received‚ due to the incredible rarity of a blue stone of such size and quality. This result further serves to highlight the Cullinan mine’s unique position as the world’s most important source of blue diamonds.

Cathy Malins of Petro Diamonds said:

It’s very unusual for a diamond of this quality and size to come to market.

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[Source: Business iAfrica, The South African]

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