Blue Diamond Sold at Petra’s Tender Realizes Per-Carat Price of $300K

A 4.8-carat blue diamond from Petra Diamonds’ Cullinan mine sold for $1.45 million at a tender earlier this month, a per-carat price of over $300,000, the company announced Wednesday.

(photo not of actual diamond)

The sale of the blue diamond marks the highest per-carat price for any rough diamond sold by Petra thus far.

In other news from Petra Diamonds, the company’s shares begin trading today on the London Stock Exchange’s Main Market.

-The Israeli Diamond Industry