Anglo American De Beers ended more than 125 years of diamond mining in Kimberley South Africa by selling its last remaining assets.
De Beers which dominated the diamond industry for more than a century said, a consortium formed by Petra Diamonds and South African firm Ekapa Mining will pay close to $7.2 million for the mines.
Petra has the historic Finsch and Cullinan mines will pay around $3.6m for a 49.9% stake in the mines while Ekapa will hold the rest.
Petraâ€™s shares soared on the news. They were trading more than 12% higher at 71.87 pence at 3:15 pm GMT.