507.55-Carat Diamond Found At South African Mine

September 30th, 2009 by wolverine

Petra Diamonds Ltd. says a diamond the size of a chicken egg has been found at a mine northeast of Pretoria, South Africa last September 24, 2009.

It was discovered with three other large diamonds at the famous Cullinan mine where the largest diamond (3,106 carats in the rough) in history was found more than 100 years ago. That finished stone was cut to form the Great Star of Africa and the Lesser Star of Africa and set in Britain’s Imperial Scepter as part of the Crown Jewels, The Associated Press reports.

Johan Dippenaar, the company’s chief executive said that the 507.55-carat gem was of “exceptional color and clarity.” The diamond maybe among the world’s top 20 high-quality gems. No value has been given yet for the diamond, which weighs just over 100 grams but this could be worth in excess of $20m (£12.5m). The big question now is what will the mining company do with this big discovery? Any suggestions???

Source: petradiamonds.com/www.washingtonpost.com

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Tags: biggest diamond, diamonds, high quality diamond. petra diamonds
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