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A rare blue diamond worth millions of dollars has been discovered in a mine in South Africa.

27th Jan 2014 – A 29.6 carat blue diamond, one of the rarest and most coveted in the world with a possible price tag of tens of millions of dollars, has been discovered at a South African mine by Petra Diamonds.

This report by the Zambezian tells us that the acorn-sized diamond, small enough to fit into the palm of a hand, was unearthed at the Cullinan mine near Pretoria.

We are told that the mine, owned by the firm since 2008, was also where the Cullinan Diamond – described as the largest rough gem diamond ever recovered and weighing 3,106 carats was found in 1905.

Chief Executive Johan Dippenaar told Reuters the latest blue diamond discovery could outstrip recent finds and is quoted as saying “By some margin … this is probably the most significant stone we’ve ever, in terms of blue stones, recovered,”

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