Petra's 39.34ct Exceptional Blue Sells for +US$40m

Rough Market
12/07/2021 20:03

Petra's has announced the sale of the exceptional TypeIIb blue 39.34ct, which was recovered at the Cullinan mine in South Africa earlier this year, and started its viewing tour in Antwerp to a partnership between De Beers and Diacore, for a whopping US$40.180.180 or over US$1m per carat. Richard Duffy, Chief Executive Officer, commented on the sale: “This sets a new milestone for Petra in achieving its highest price for a single stone and follows the sale of the 299 carat Type IIa white diamond in March this year and the five blue diamonds comprising the Letlapa Tala Collection in November 2020, purchased by the same De Beers Diacore partnership.”

Experts believe that once polished, the result of the exceptional blue could achieve a record weight and price per carat, in the regions of US$4m per carat.