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Read VSA Capital's note on Petra Diamonds, out this morning on Research Tree: "Petra Diamonds (PDL) has confirmed the date of the auction sale of the Cullinan Dream blue diamond as the 9th of June by Christie’s auction house at Rockefeller Centre, New York, NY, USA. It is a fancy intense blue, apparently the very best quality in blue, of rectangular mixed cut, mounted in a platinum ring, and weighs just over 24 carats. The pre-auction sale estimate for the stone is US$23m to US$29m...."
Diamond prices firm as Dubai banks fill funding gap - Gem Diamonds Reuters Reuters – 35 minutes ago. Good news for PDL too as this issue was the main factor behind the recent selloff.
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