In an announcement made last week, Petra Diamonds Ltd said that it had recovered a 209.9 carat D colour Type II gem quality diamond at its Cullinan Diamond Mine in South Africa.

The Company reported that this is the third +100ct Type II D colour gem quality diamond recovered since March 2019, and the fourth such stone in the current financial year.

Petra said that the recovery again demonstrates the prevalence of these types of stones in the Cullinan orebody, with an improved incidence of large and high-value stones as the C-Cut Phase 1 block cave progresses across the footprint, as well as the ability of the mine's plant to recover the full spectrum of diamonds.

The stone is expected to be sold during the fourth quarter ending 30 June 2019.

The Company has also confirmed today that 'The Legacy', the exceptional 425 carat D colour Type II A diamond recovered from the Cullinan mine on 29 March 2019, together with this stone, will be offered for sale during the course of the Company's next sales cycle in South Africa.

Pic caption: 209.9 carat D-Colour Type II diamond recovered at Cullinan

Pic courtesy: Petra Diamonds Ltd