Diamond Engagement Rings Specialist

The Cullinan mine near Pretoria, South Africa has once again produced a diamond that is beyond compare. This time around, it’s over 507 carats – that’s about the size of a hen’s egg! This is the same mine that produced the over-3000 carat Cullinan Diamond over a hundred years ago which is now a part of the British Crown Jewels. At that time, the dazzling diamond had been a gift to King Edward VII. Then in 1985, another diamond was found in the same mine and it was larger than the Cullinan Diamond – it was christened the Golden Jubilee Diamond.

We wonder what this whopper of a diamond is going to be called. The Cullinan mine is partly owned by Petra Diamonds, a British mining company and it was their CEO who showed off the diamond to the press recently. Finding huge diamonds seems to be becoming a habit at the Cullinan mine!

The Geneva auction for Sotheby’s saw the sale of an incredible diamond – the bright blue cushion shaped diamond from Petra Diamonds. The diamond weighs over 7 carats and is an absolutely flawless gem. No one expected such a high bid for this diamond even though it is a very unique and valuable stone. So the jubilation was so much more than usual.

Petra Diamonds seems to have built up a very great respect among buyers and the trade over the years. They will produce all their targeted production of one million diamonds by the end of June for the current sales year. Right through this period in a bad economic climate, Petra was one of the few companies that did not have to cut down on production from any of its mines. They may have cut the price a bit but they have not cut back on production which is admirable at times like these.