232 Carat Diamond found in South Africa

  Stunning 232-carat diamond that could be worth up to R176million is discovered in South Africa • The dazzling D colour 232-carat Type II diamond was found here in South Africa • It was unearthed by Petra Diamonds at its Cullinan mine near Johannesburg • Cullinan Mine is famed for the largest rough gem diamond ever recovered […]

 

Stunning 232-carat diamond that could be worth up to R176million is discovered in South Africa

The diamond is estimated at R 176 million
The diamond is estimated at R 176 million

• The dazzling D colour 232-carat Type II diamond was found here in South Africa
• It was unearthed by Petra Diamonds at its Cullinan mine near Johannesburg
• Cullinan Mine is famed for the largest rough gem diamond ever recovered
• Type II diamonds have no measurable nitrogen impurities, so  they are top quality
• Meanwhile, D colour stones are colourless and therefore most sought after

232 Carat white Diamond
232 Carat white Diamond

An incredible 232.08-carat white diamond of ‘exceptional size and clarity’ has been unearthed at a mine in South Africa, with a possible value of R176 million.
The dazzling D colour Type II diamond was found by Petra Diamonds at its Cullinan mine in South Africa, with four analysts predicting a £10million price tag.
Type II diamonds, which are formed over long periods of time, tend to be large and irregular in shape and have no measurable nitrogen impurities.
This means they are often of top quality in terms of colour and clarity.

WHAT ARE TYPE II DIAMONDS?

Formed over long periods of time, Type II diamonds tend to be large and irregular in shape.
They have no measurable nitrogen impurities that cause a yellow or brown colour in other diamonds.
This means they are often of top quality in terms of colour and clarity.
They are also rarer than Type I stones, which are the most common class of diamond and contain atoms as their main impuritiy.
D colour stones are known for being the most colourless, and are therefore the most sought after and costly.

The Map of Cullinan Mines and where it was found
The Map of Cullinan Mines and where it was found

Meanwhile, D colour stones are known for being the most colourless, and therefore the most sought after and costly.
The Cullinan mine is famed for the largest rough gem diamond ever recovered, the 3,106 carat Cullinan Diamond found in 1905, which was cut into stones that are part of Britain’s Crown Jewels.
A spokesman described the newly-found stone as ‘a magnificent example of the large, high quality diamonds for which the mine is known.’

A company spokesman told Reuters the stone would most likely be snapped up by a buyer from traditional diamond hubs such as the United States, Europe, Israel or China, who could cut the stone into polished gems.
‘It’s more a case of the clients coming to us, rather than us needing to approach clients,’ he said.
Petra said it expected the diamond to be sold in October-December, the second quarter of its financial year.
Investors are also awaiting the outcome Petra’s sale of a rare 122.52-carat blue diamond recovered from Cullinan this year. Analysts have pegged the stone’s value at more than $35million. The sale period closes on Friday. We are so curious to see who buys this rare beauty!!

Source: Daily Mail