Rare Blue Diamond Found in Africa

Shiny, transparent, and crystalline rocks fetch huge prices. Yes we are talking about diamonds which are inherently and eternally beautiful. Diamonds have always been an exquisite item to adorn jewellery and are equally expensive.

Recently a 122 carat diamond was dug out of Cullinan mine in South Africa. This diamond is the size of a strawberry and weighs slightly less than three pounds. This exceptionally rare blue diamond costs over 60 million pounds. This mine is famous for spilling out such large colourful stones occasionally.

This price is estimated by the fact that earlier last year an earlier similar blue diamond was sold at approximately 51 million pounds. Therefore it is estimated that this stone will fetch around 60 to 62 million pounds. The shares of the owner company Petra Diamonds rose by 8% after the news of the discovery spread. Also remember that these prices are just for the rough stone cutting and polishing costs will add to this cost for the buyer.

The blue colour of the diamond comes from the trapped boron particles in the crystalline structure. The price a blue diamond is proportional to how richly blue it is. Blue is the second most rare diamond after red and finding a rock of 122 carats is again very rare.

Interestingly these high priced gems are believed to be cursed as all such owners met ill fate while in possession of such stones. The deep blue Hope Diamond was held by various owners all of whom got killed or went bankrupt. So, we need to wait and see what luck this new blue diamond brings to its owner.

At this moment this diamond is kept at a secret location under heavy security. This marvellous blue diamond will be cut, polished, and eventually sold in a secretive auction at Johannesburg.