Petra unearths 101ct. rough at Cullinan

| March 21st, 2019

Petra unearths 101ct. rough at Cullinan
"Petra unearths 101ct. rough at Cullinan"

Petra Diamonds recovered two gem-quality rough stones from its Cullinan mine in South Africa Friday the 8th of Mars.
The 100.83-carat, D-color, type II stone and another 6.12-carat, blue, type II diamond will be included in the company’s upcoming tender later this month. Petra’s stock price rose 6% on the day of the announcement.

The company’s share performance has been suffering partly due to sluggish prices at Cullinan, with the stock price down about 50% since a year ago. Last month, Juan Kemp, general manager of Cullinan, told Reuters he lay awake at night wondering when the mine would yield its next big stone.

101 Petra
Source Rapaport

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