Petra Diamonds Recovers 29.6-carat Blue Diamond

Petra Diamonds Ltd. (LSE:PDL) announced yesterday the discovery of a 29.6-carat blue diamond at its South Africa-based Cullinan mine.

The mine is well known for containing blue diamonds; previously, it provided a collection of 11 blue diamonds displayed at London’s Millenium Dome in 2000.

As quoted in the press release:

The stone is an outstanding vivid blue with extraordinary saturation, tone and clarity, and has the potential to yield a polished stone of great value and importance.

Blue diamonds are among the rarest and most highly coveted of all diamonds and the Cullinan mine is the most important source of blues in the world. This stone is one of the most exceptional stones recovered at Cullinan during Petra’s operation of the mine.

Click here to read the full Petra Diamonds Ltd. (LSE:PDL) press release.