507 Carat White Diamond Discovered in South African Mine

Posted on September 29, 2009

Petra White Diamond

Petra Diamonds has announced the recovery of a 507.55 carat white diamond at the Cullinan mine in South Africa. This spectacular gemstone was recovered on Thursday 24 September and is currently with experts for analysis. At 507 carats (just over 100 grams) the diamond is considered to be one of the top 20 largest high quality rough diamonds ever found.

Johan Dippenaar, Petra's Chief Executive Officer, said, "The Cullinan mine has again given the world a spectacularly beautiful and important diamond. Initial indications are that it is of exceptional colour and clarity, which suggest extraordinary potential for its polished yield. We now eagerly await the findings of the expert analysis."

The BBC reports that the white diamond recovered by Petra could be worth over $20 million.

Petra White Diamond

Photos: Petra Diamonds