Petra Diamonds Limited has announced the
discovery of an important 507.55 carat white diamond at the Cullinan
mine in South Africa.This spectacular
gemstone was recovered on Thursday 24 September and is currently with
experts for analysis. Initial examinations indicate that it is of
exceptional colour and clarity, and most likely to be a Type II diamond.
The
diamond was recovered alongside three other special white stones of
similar colour and clarity in the same production run: another very
large stone of 168.00 carats and two other stones of 58.50 and 53.30
carats. At 507 carats (just over 100 grams)
the diamond, which has yet to be named, is considered to be amongst the
top 20 largest high quality rough diamonds ever found worldwide and
ranks alongside other illustrious diamonds recovered at the celebrated
Cullinan mine.
Cullinan has a special place in the history of diamonds
as the source of the world’s largest gem diamond ever recovered, the
"Cullinan," at 3,106 carats rough. It has also produced a further two of
the world’s largest diamonds, the Golden Jubilee at 755 carats rough
and the Centenary at 599 carats rough, and many other famous gems
including the Taylor-Burton (69 carats polished).
Johan
Dippenaar, Petra’s Chief Executive Officer, commented on the find, "The
Cullinan mine has again given the world a spectacularly beautiful and
important diamond. Initial indications are that it is of exceptional
colour and clarity, which suggest extraordinary potential for its
polished yield. We now eagerly await the findings of the expert
analysis."
Source : http://www.happynews.com
Tuesday, Feb 02 2010
Petra Diamonds
announced today the name of the 507 carat white diamond as The Cullinan
Heritage. Cullinan is the name of the mine from which it was recovered
and Heritage refers to the date of its discovery on Heritage Day in
South Africa, September 2009.
Petra Diamonds is an AIM-listed supplier of rough diamonds with a
resource base of 262 million carats. In South Africa, Petra has
interests in five producing mines Cullinan, Koffiefontein, Helam,
Sedibeng and Star - and has also agreed to acquire the Kimberley
Underground mines from De Beers (this acquisition is expected to
complete imminently). In Tanzania, Petra has an interest in the
Williamson mine.
The exceptional colour and clarity of the Cullinan Heritage make it
one of the top 20 largest highest quality rough diamonds ever
discovered, according to the announcement. The sales value of this rare
diamond will be revealed following the completion of its tender in
Johannesburg, towards the end of February.
Johan Dippenaar, Petra's CEO, commented,
"The Cullinan Heritage is not only exquisitely beautiful, but also of
true historical importance. Since we announced the recovery of the
diamond in September 2009, we have experienced a high level of interest
from the trade and we look forward to announcing the results of the sale
before the end of the month."
Source : http://www.stockopedia.co.uk
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