Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

6/13/2014 (3 months ago)

Catholic Online (www.catholic.org)

Petra Diamonds says that the 122.52 carat diamond will fetch about $25 million

It has been called - "exceptional." A blue diamond, weighing a staggering 122.52 carats has been unearthed in South Africa. Petra Diamonds says they expect the precious gem to the most valuable one mined yet.

About the size of a strawberry, the jewel is so pure that it is expected to eclipse the current world's most expensive diamond, which is a 507-carat white diamond.

About the size of a strawberry, the jewel is so pure that it is expected to eclipse the current world's most expensive diamond, which is a 507-carat white diamond.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

6/13/2014 (3 months ago)

Published in Africa

Keywords: Blue diamond, South Africa, auction, price


LOS ANGELES, CA (Catholic Online) - Petra Diamonds Ltd. Say they recovered the gem at its Cullinan mine, on the outskirts of Pretoria. Months previously, a 29.6 carat blue diamond from the same mine for more than $25 million.

About the size of a strawberry, the jewel is so pure that it is expected to eclipse the current world's most expensive diamond, which is a 507-carat white diamond. Uncovered at the very same mine, that sold for 20 million in 2010. Blue diamonds are considerably rarer, and therefore more valuable than their white cousins.

Come browse our beautiful collection of rosaries -- by going here --

"The rarity of a blue diamond of this magnitude sets it apart as a truly significant find," the company said in a statement.

As a result, shares in the diamond mine rose almost seven percent to a year high in early trading, making them the top percentage gainers on the FTSE-250 Midcap Index.
 
Acquiring the famed diamond mine in 2008, Petra said it would evaluate the optimal route to market the stone after a further analysis to assess its potential value.

"So far, the highest price on record paid for a rough diamond was 20 million ($35.3 million), paid in February 2010 for a 507 carat white stone, and also recovered from Cullinan. We think that this stone may break that record," finnCap analyst Martin Potts said.

The Cullinan mine boasts the largest rough gem diamond ever recovered, the 1905 Cullinan Diamond, which was cut into two stones that are part of Britain's Crown Jewels held in the Tower of London.

Other notable diamonds discovered at the mine are the 25.5 carat Cullinan blue diamond that was discovered in 2013 and sold for $16.9 million and the Star of Josephine diamond found in 2008 and sold for $9.49 million.

Petra said the diamond would not be sold in the company's current financial year ending June 30.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for September 2014
Mentally disabled:
That the mentally disabled may receive the love and help they need for a dignified life.
Service to the poor: That Christians, inspired by the Word of God, may serve the poor and suffering.



Comments


More Africa

A new name for terror: Djounoud Al khalifa Watch

Image of Created this month by Khaled Abu Suleiman, whose real name is Gourou Abdul Malik, a 50-year-old man who left al-Qaeda in the Islamic Maghreb in order to pledge allegiance to Abu Bakr Al Baghdadi as the commander of all followers of Islam.

By Kaci Racelma (Algiers, Algeria)

"Djounoud Al khalifa," or Soldiers of the Caliph is the given name of the new pivot of the Islamic State in Iraq and the Levant, or ISIL, which has been freshly created by the Islamic State in Islamic Maghreb. North Africa is now bracing for a spate of new ... continue reading


Death toll isn't the only toll: Ebola outbreak will cause untold economic damage Watch

Image of Aid workers in protective suits deal with Ebola infected patients.

By Catholic Online (NEWS CONSORTIUM)

A new report from the World Bank has revealed that the West African Ebola outbreak could cost affected nations billions of dollars and slash economic growth rates by double digits if the virus continues to spread. LOS ANGELES, CA (Catholic Online) - Besides just ... continue reading


PRAY FOR NIGERIA - Catholic Church reports as many as 20 priests hiding from Boko Haram in Nigeria Watch

Image of Nigerian Christians are under serious threat from Boko Haram.

By Catholic Online (NEWS CONSORTIUM)

The Catholic Church is warning the world that 25 villages, all with large Catholic populations, remain under the firm control of Boko Haram, an Islamic militant groups that has aligned itself with the Islamic State. LOS ANGELES, CA (Catholic Online) - The Catholic ... continue reading


World bank loans $105 million to combat Ebola Watch

Image of The grant, approved on the same day U.S. President Barack Obama pledged to send 3,000 military troops to the region, will also pay for training programs for international staff going to the countries, and basic supplies for quarantined areas.

By Stella Dawson, Thomson Reuters Foundation

The World Bank approved a $105 million grant on Tuesday to speed up delivery of emergency supplies and provide support for healthcare workers in the three West African countries worst affected by the Ebola crisis. (Thomson Reuters Foundation) - The disease has ... continue reading


SECURITY THREAT: U.S. troops to join in fight against Ebola Watch

Image of Liberia, a nation founded by freed American slaves and the hardest hit of the countries affected by the crisis will be the focus of the U.S. military deployment.

By Catholic Online (NEWS CONSORTIUM)

West Africa's deadly Ebola outbreak has been declared a threat to global security by U.S. President Obama and has since announced a major expansion of the U.S. role in trying to turning the deadly tide. In response, the president has deployed 3,000 troops to ... continue reading


Has Ebola gone airborne? Fears spread that virus could mutate Watch

Image of The World Health Organization has reported that the West African outbreak of Ebola has caused 2,500 deaths since it began in early 2014.

By Catholic Online (NEWS CONSORTIUM)

Concerns have been raised that the federal government is anticipating a rapid spread of the Ebola virus, as evidenced by the U.S. State Department ordering 160,000 hazmat suits. LOS ANGELES, CA (Catholic Online) - Market Watch posted a press release in which ... continue reading


Obama declares war on Ebola! 3,000 U.S. Marines and soldiers head to Liberia Watch

Image of 3,000 U.S. soldiers and Marines are going to be sent to Liberia to help stop the current Ebola outbreak.

By Catholic Online (NEWS CONSORTIUM)

Thousands of U.S. troops will arrive in the West African nation of Liberia as part of President Barack Obama's response to the Ebola outbreak that is wreaking havoc in the region. LOS ANGELES, CA (Catholic Online) - "U.S. Africa Command will set up a Joint Force ... continue reading


Traditional methods of fighting disease are not working in West Africa Watch

Image of Health workers transport the body of an Ebola victim wrapped in a plastic bag. Ebola victims are burned in the bags they're collected in.

By Catholic Online (NEWS CONSORTIUM)

The Ebola outbreak in West Africa, which continues to ravage countries like Liberia, Sierra Leone and Guinea, has so far proved resistant to traditional methods of combating epidemics, notably contact tracing. LOS ANGELES, CA (Catholic Online) - Lt. Rebecca Levine, ... continue reading


STUDY: Ebola outbreak could shortly infect surrounding African nations Watch

Image of Bats are being blamed for the transmission of the Ebola virus -- adding to the urgency is the fact that bats are eaten, frequently raw, in parts of Africa.

By Catholic Online (NEWS CONSORTIUM)

The organ-melting virus known as Ebola tearing through West Africa will most likely grow to infect other African nations, according to a worrisome new study. According to research by the University of Oxford, the deadly virus threatens to spread - not necessarily ... continue reading


Some people have all the luck! $13 million diamond found in South Africa Watch

Image of This 232.08-carat  diamond has been unearthed at the Cullinan mine in South Africa and has a possible value of nearly $13 million.

By Catholic Online (NEWS CONSORTIUM)

A 232.08-carat D color Type II diamond has been unearthed at a mine in South Africa, with a possible value of nearly $13 million. LOS ANGELES, CA (Catholic Online) - The diamond was found at Cullinan mine owned by Petra Diamonds.You can be a light in the darkness ... continue reading


All Africa News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, First Corinthians 15:12-20
12 Now if Christ is proclaimed as raised from the ... Read More

Psalm, Psalms 17:1, 6-7, 8, 15
1 [Prayer Of David] Listen, Yahweh, to an upright ... Read More

Gospel, Luke 8:1-3
1 Now it happened that after this he made his way ... Read More

Saint of the Day

Saint of the Day for September 19th, 2014 Image

St. Januarius
September 19: St. Januarius was born in Italy and was bishop of Benevento ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter