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Petra Diamonds sells rare blue gems to De Beers-Diacore partnership for $40.4m

PETRA Diamonds received a much needed cash boost after selling five blue diamonds, known as the Letlapa Tala collection, for $40.36m following a competitive tender process.

The blue diamonds, weighing 85.6 carats in total, were recovered from Petra’s Cullinan mine near Pretoria, in South Africa. They were sold as a suite of stones to a partnership between De Beers and Diacore, said Petra.

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