Wednesday, 22 January 2014

Diamond Worth £36 Million Discorvered In South Africa

A massive diamond with a possible price tag of more than £36m has been discovered at a mine in South Africa.
The 29.6 carat blue diamond, described as being "exceptional", was dug up at the Cullinan mine near Pretoria - owned by Petra Diamonds.

Chief executive Johan Dippenaar said: "The stones in the last year or so are selling well above $2m (£1.2m) per carat. That's not my quote, that's updates in the market."
However, analyst Cailey Barker at brokers Numis said it could expect to fetch less - between $15m (£9m) and $20m (£12m) - at auction.

The mine, owned by the firm since 2008, was also where the Cullinan Diamond was found in 1905 - described as the largest rough gem diamond ever recovered and weighing 3,106 carats.
Other notable diamonds found in the mine include a 25.5 carat Cullinan blue diamond, found in 2013 and sold for $16.9m (£10m), and a diamond found in 2008, known as the Star of Josephine, which was sold for $9.49m (£5.7m).

3 comments:

  1. Africa is so blessed.

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  2. Great source of revenue if utilise properly

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  3. Hope the level of poverty would reduce in south africa.

    ReplyDelete