nb_cid nb_clickOther -tt-nb this.style.behavior='url(#default#homepage)';this.setHomePage('http://www.aol.com/?mtmhp=acm50ieupgradebanner_112313 network-banner-empty upgradeBanner
14
Search AOL Mail
AOL Mail
Video
Video
AOL Favorites
Favorites
Menu

Rare blue diamond uncovered in mine

'Exceptional' Blue Diamond Uncovered In South African Mine

Check out this rare blue sparkler found in a South African mine earlier this month.

'It's 29.6 carats and about six times bigger than an acorn,' WPBF reports. 'Officials haven't put an exact price tag on the rock, but they say it may be worth millions.'

The BBC reports the dazzling stone was dug up by the New Jersey-based Petra Diamonds at its Cullinan Diamond Mine near Pretoria.

The company gushed about the discovery in a statement released Tuesday, saying, 'The stone is an outstanding vivid blue with extraordinary saturation, tone and clarity, and has the potential to yield a polished stone of great value and importance.'

Although experts haven't assigned this gem a specific value yet, if Petra Diamonds' other discoveries are any indication, the rock could rake in some serious cash.

A 25.5-carat Cullinan blue diamond found in that same mine in 2013 sold for a whopping $16.9 million, and another big sparkler uncovered in 2008, known as the Star of Josephine, sold for $9.49 million.

According to Sky News, an analyst suggests this newest discovery could be worth between $15 million and $20 million.

Petra Diamonds chief executive told reporters the company will decide what to do with the diamond within the next week.


Join the discussion

1000|Char. 1000  Char.
kevinhh108 January 22 2014 at 2:44 PM

I have read that diamonds are actually not rare. They are controlled by the billionaire elitists under armed guards.

Flag Reply +4 rate up
2 replies
dave1marine kevinhh108 January 22 2014 at 2:51 PM

Why would billionare elitists want control, or pay to have anything guarded that is "not rare"?

Flag Reply 0 rate up
1 reply
valgaavmiko dave1marine January 22 2014 at 5:52 PM

To give the illusion of rarity which will increase the demand and thus increasing the market value. Diamonds were rare in the past only because we didn't have great methods to extract them.

Flag +2 rate up
tony kevinhh108 January 22 2014 at 7:54 PM

Where has thou heard such information? Please provide all sources, names, dates.

Flag Reply 0 rate up
noralynnwagner January 22 2014 at 1:14 PM

You may send that blue diamond my way!!!! Thank you!!

Flag Reply +3 rate up
Robert T. January 22 2014 at 4:35 PM

I guess they have to keep finding colored diamonds and declare their rarity because white diamonds are practically (truly) worthless. Did you ever try to sell a diamond that you bought for a few thousand, that was independantly appraised higher and then be told that it is worth only a fraction of what you paid? "Oh, the marquis cut is not popular now..." It's all smoke and mirrors anyway. Stay away!!!

Flag Reply +3 rate up
Margie + Mark January 22 2014 at 4:46 PM

That's true, Robert. Marquis is out dated and YES! I tried to sell a ring with 9 diamonds. (one large in the middle and 4 on each side.) It was appraised for alot of money but nobody would buy it!

Flag Reply +2 rate up
SKCRCPUSCG January 22 2014 at 12:43 PM

And just to think, poor Richard and his Liz are no longer alive to purchase and wear this find... Guess it will have to go to some Sudi Prince for his chosen bride...

Flag Reply +2 rate up
ordobtrebla January 22 2014 at 4:46 PM

I can't understand why diamonds are worth so much...
Aside from them looking good...
They are not worth millions...

Flag Reply +2 rate up
6 replies
billgps60 January 22 2014 at 5:06 PM

Gee I lost that diamond out of my shoe back in 08 So glad you guys found it

Flag Reply +2 rate up
sskidski January 22 2014 at 5:35 PM

carbon-----just a rock------I don't get it.

Flag Reply +2 rate up
dachbackworld January 22 2014 at 6:22 PM

Thats a diamond? Looks like poor colored blue auqua chrystal to me. In fact real blue aqua looks more clear and gemish. Big old publicity stunt hoping that some one with more riches than one knows what to do with will buy it up for an ungodly amount of funds. Richard from Virgin, and Bill Gates could have a 1 on 1 auction.

Flag Reply +1 rate up
1 reply
tony dachbackworld January 22 2014 at 7:31 PM

Thou thinks that billy would win that auction.

Flag Reply 0 rate up
mzfoofoo January 22 2014 at 1:15 PM

Just my style! :)

Flag Reply +1 rate up
aol~~ 1209600

Voting...

Popular Stories

More From Our Partners