Petra Diamonds recovers 122.52 carat blue diamond

The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.

But the mine – one of five Petra Diamonds (LSE: PDL) owns in South Africa – got just a little bit more famous today with the recovery of a 122.52 carat blue stone.

Petra Diamonds said the rarity of a blue diamond of this magnitude “sets it apart as a truly significant find” and noted that it will take some time before it can assess its potential value.

Since Petra Diamonds acquired Cullinan from DeBeers in 2008, it has produced four other important blue diamonds that commanded remarkable prices.

Read the complete story at NorthernMiner.com/news/petra-diamonds