Petra Sells Rare 23.16-Carat Pink Diamond for $10 Million

(IDEX Online News) – Petra Diamonds Limited has sold the 23.16-carat pink diamond recovered from the Williamson mine in Tanzania into a partnership for $10,050,000 ($433,938 per carat). Under the terms of the agreement, the miner also retains a 20-percent interest in the sales proceeds from the resultant polished.

The diamond was bought by Golden Yellow Diamonds on behalf of M.A. Anavi Diamond Group, a leading diamond manufacturer and specialist in large and unique coloured diamonds.

“This sale result affirms that the market for high quality coloured diamonds remains robust,” said Petra CEO Johan Dippenaar. “

Pinks of this size and quality are incredibly rare, but the Williamson mine is known to produce them from time to time. This bodes well for the future of the mine as we continue to ramp up production and optimize the processing plant. Given the exceptional nature of this pink stone, we are delighted to retain exposure to the uplift in the polished.”