Petra Diamonds today (13 January) announced the recovery of a huge 41.82-carat Type IIb blue diamond at its Cullinan Mine, in South Africa. The UK-based miner described the stone as being of “seemingly exceptional quality in terms of both its colour and clarity”. The iconic Cullinan mine is known for recovering high-value blue stones.
Last April it sold a 14.76ct blue stone, of “exceptional color and clarity” for $8.2m. In July 2021 it sold a 39.34-carat blue diamond for $40.18m. The Letlapa Tala collection of five blue diamonds sold in November 2020 for $40.36m.
And a 29.60-carat rough that was cut into the Blue Moon sold for $25.6m in February 2014. It was subsequently auctioned in 2015 for $48.5m to Hong Kong billionaire Joseph Lau, who renamed it the Blue Moon of Josephine. Petra says it is in the process of analyzing the stone and deciding on a preferred method of the sale.
In October Petra Diamonds announced details of a $25m rights issue to keep the company afloat as it battles falling prices and production, together with rising debt and cash flow difficulties. Revenue for FY2025 was $206m, down 33 per cent year-on-year from $309m and net debt increased to $264m.
Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D
Delhi Jewellery & Gem Fair is back with its 14th edition of North India’s iconic B2B jewellery expo! 💎
📅 26–28 September 2026
📍 Bharat Mandapam, New Delhi
Connect, discover and explore new opportunities across the jewellery industry.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
