Recently, a magnificent diamond has been discovered in South Africa which its cost is estimated to be over $46m.
However, 29.6 carat blue diamond which is noted for its “uniqueness” was excavated from the Cullinan mine near Pretoria owned by Petra Diamonds.
Furthermore, the chief executive Johan Dippenaar quoted that: “The stones in the last year were sold above $2m per carat” based on the market updates.
A further prediction laid forward by an analyst was that the sales in the market should expected to be within the range of $16m and $21m when sold at auction.
Traces of the Cullinan Diamond was also found in 1905 which was recorded to be the largest rough gem diamond ever seen and weighing 3,106 carats.
Lastly, other notable traces found in the mine includes the 25.5 carat Cullinan blue diamond which was discovered in 2013 and was sold for $16.9m, and a diamond found in 2008, know as the Star of Josephine and was sold for $9.46m.