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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.
nonidarlin January 22 2014 at 2:48 PM

This not a new saying, but I've claimed it "Whoever said diamonds are a girls best friend, never had a dog". Could not ever put a price on Sophie.

Flag Reply +5 rate up
Joe Silva January 22 2014 at 3:34 PM

Why do you send news and the pictures, as the one above displaying a blue diamond, and there is no picture, even though you say, "Check out this rare blue sparkler found in a South African mine earlier this month."?

Flag Reply +1 rate up
1 reply
ordobtrebla Joe Silva January 22 2014 at 4:51 PM

Maybe you should upgrade your computer...
I saw the picture...

Flag Reply +3 rate up
Carl January 22 2014 at 4:14 PM

Please cut the videos and tell the story. AOL should listen to the paying customers.
Text only please.

Flag Reply +6 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
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
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
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
noralynnwagner January 22 2014 at 1:14 PM

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

Flag Reply +3 rate up
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