Petra Diamonds sells 20-carat blue diamond from Cullinan mine

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Petra Diamonds sells 20-carat blue diamond from Cullinan mine
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Petra’s shares jumped 11% on news that the stone has been sold for almost $15m to an anonymous buyer

A 25.5-carat blue diamond found at Petra Diamonds' Cullinan mine. Picture: PETRA DIAMONDSPetra Diamonds has sold a 20-carat blue gem for almost $15m, a major boost for the company that’s struggling with a mountain of debt and falling diamond prices.

Petra shares jumped as much as 11%, the most in more than a month, to 9.45p. The buyer wants to remain anonymous, Petra said in a statement on Friday.

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