Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
man sorts through raw diamonds/AFP

World

‘Exceptional’ 232 carat white diamond found in S.Africa

 man sorts through raw diamonds/AFP

man sorts through raw diamonds/AFP

JOHANNESBURG, September 9 – A 232 carat white diamond worth as much as $20 million has been discovered at a South African mine famed for its big gem finds, owners said Tuesday.

Petra Diamonds said the “exceptional” jewel was found at Cullinan, east of Pretoria, which has supplied stones for Britain’s crown jewels and where the world’s largest diamond was unearthed more than a century ago.

“The stone is of exceptional size and clarity, and is a magnificent example of the large, high quality diamonds for which the mine is known,” Petra Diamonds said in a statement.

In 1905, the world’s biggest diamond — the 3,106 carat “Cullinan” — was discovered there, and later cut into two pieces to be included in the British crown jewels.

The last white diamond sold by the company was a 507.3 carat which went for $35.3 million dollars in 2010, the highest price ever paid for a rough diamond, spokesperson Cathy Malins said.

Malins said analysts had forecast that the newly found “rare and unique” gem, which will be auctioned before the end of this year, could sell for anything between $10 million and $20 million dollars.

The London listed company operates six diamond mines on the continent five in South Africa and one in Tanzania.

In addition to its history of yielding diamonds bigger than 10 carats, Cullinan is also a source of blue diamonds — some of the rarest jewels in nature.

In June, a 122.52 carat blue diamond was unearthed at the same South African mine.

Advertisement. Scroll to continue reading.
Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...