A Rare 122.5ct Blue Diamond Expected to Fetch £60M
Earlier this year we posted about this ‘exceptional’ rare blue diamond mined in the famous South African Cullinan mine. Now the finders, Petra Diamonds are seeking a buyer. The diamond company announced a viewing window for the stone Throughout August and September. The viewings will take place in Johannesburg and appointments can be made via Petra’s marketing and sales manager Greg Stephenson.
About the Diamond
Not only is this extremely rare stone blue update `wp_posts` set `post_content` = the rarest diamond colour) it weighs an impressive 122.5 carats. Petra diamonds have previously sold a 29.6 carat blue diamond for £15million just earlier this year. So if this larger stone achieved the same price per carat it would be expected to reach £60million. When the company unearthed this magnificent gem, shares rose nearly 8% - adding around £66million to their value. The blue in the stone is rare because it gets its colour during formation from small amounts of the chemical element boron which gets trapped in their crystal structure. The stone has even more importance due to its discovery at the Cullinan mine – recognised as the most prestigious diamond mines, whose stones are fit for royalty. Lets watch this space and see if the diamond reaches its target.