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 Rough diamond fetches $40m

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RR Phantom

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Rough diamond fetches $40m Vide
PostSubject: Rough diamond fetches $40m   Rough diamond fetches $40m Icon_minitimeSat Feb 27, 2010 8:13 pm
A DIAMOND the size of a hen's egg has sold for $US35.3 million ($40 million), the highest sale price on record for a rough diamond.

The 507.6-carat stone was sold yesterday to Hong Kong gem company Chow Tai Fook.

Rough diamond fetches $40m Diamond-420x0

It was discovered in South Africa last year by Petra Diamonds Ltd at its Cullinan mine, east of Pretoria.

The company said the Cullinan Heritage stone was found at the same mine as the world's biggest diamond, the 3106-carat Cullinan, discovered in 1905. It was cut to form the Great Star of Africa and Lesser Star of Africa, set in Britain's crown jewels.

''It has the potential to produce one of the world's most important polished gems,'' Petra chief executive Johan Dippenaar said.

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