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Breaking Diamonds News: 122.52 carat blue diamond unearthed

Rare blue diamond found in South Africa

Rare blue diamond found in South Africa

A rare blue diamond, weighing 122.52 carats has been unearthed in South Africa. Experts believe it is the most valuable uncut diamond ever to be found.

“The rarity of a blue diamond of this magnitude sets it apart as a truly significant find,” said a spokeswoman for the lucky mining firm, Petra Diamonds, which dug up the sparkler in its Cullian mine near Pretoria.

The company will analyze the rock before putting it on the market sometime after June 30, but it’s expected to fetch tens of millions of dollars -shattering the world record for priciest diamond.

“So far, the highest price on record paid for a rough diamond was $35.3 million, paid in February 2010, for a 507-carat white stone,” finnCap analyst Martin Potts told the BBC.

Described as “a truly significant find” due to both its rarity and size, it was recovered in the Cullinan mine, located northeast of Pretoria.

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