Friday, June 13, 2014

122.52 Carat Blue Diamond Found In South Africa (PDL.L)

'The Pink Star' Fancy diamonds, as they're called in the trade, can fetch a pretty penny. Last November it was "'Pink Star' Diamond Sells for World Record $83 million at Sotheby's Geneva", a 59.60 carat beauty.

In May Forbes reported:
"...On Wednesday, Harry Winston purchased the largest known flawless vivid blue diamond in the world for nearly $23.8 million at Christie’s Geneva Magnificent Jewels sale. The nearly $1,800 per carat price paid for the 13.22-carat diamond represents a world record for a blue diamond"....MORE
 Here's the picture from the Christie's catalogue:
Today we read in the Telegraph:

Petra Diamonds unearths 122.5-carat blue diamond
 The London-listed company's discovery comes just months after it sold a 29.6 carat blue diamond from the same mine for more than $25 million 
Petra Diamonds has unearthed a 122.5-carat blue diamond at its mine in South Africa.
The London-listed company said further tests were needed on the "exceptional" stone, which was discovered in its Cullinan mine, before it could determine its value.
Petra sold a 29.6-carat blue diamond for $25.6m in February and a 25.5-carat one for $16.9m last year.
The 122.5 carat diamond discovered by Petra
Rio Tinto's Extremely Rare Red Diamonds (RIO)