Petra Diamonds Announces Recovery of 29.6 Carat Blue Diamond

Posted on January 23, 2014

Petra Diamonds recovers 29.6 carat blue diamond

Petra Diamonds has announced the recovery of an exceptional 29.6 carat blue diamond at the Cullinan mine in South Africa. Blue diamonds are among the rarest diamonds. Petra Diamonds says the stone is "an outstanding vivid blue with extraordinary saturation, tone and clarity." The amazing diamond was recovered earlier this month.

BBC News reports that Petra found a 25.5 carat blue diamond last year, which later sold for $16.9 million. This newly discovered bigger diamond will be even more valuable.

Photo: Petra Diamonds