A 232-carat diamond found in South Africa is faced with a possible value of £10 million. It was actually a 232.08-carat white diamond that was of "exceptional size and clarity." The dazzling D color Type II diamond was found inside Cullinan mine in South Africa by Petra Diamonds. To date, four diamond analysts have already come to a mutual understanding that a diamond this special could be priced at £10 million.
Type II diamonds are actually special ones that have formed over very long periods of time. They oftentimes end up being very large and irregular in shape and that they do not have any easily measurable nitrogen impurities. With this said, it is safe to say that diamonds such as the 232-carat diamond found in Cullinan, are of top quality in terms of clarity and color.
D color stones are recognized for its colorless characteristic. This is why such stones are the ones that are most sought after and most expensive. The Cullinan mine is actually quite famous for the largest rough gem that has ever been recovered. It was a 3,106-carat Cullinan diamond that was uncovered back in 1905. It was cut into tiny stones which are now part of Britain's Crown Jewels.
This recent 232-carat diamond found, on the other hand, was described by a spokesperson as "a magnificent example of the large, high quality diamonds for which the mine is known."
Another relatively recent diamond find by Petra was a 507-carat diamond that was unearthed back in 2009. Not so surprisingly, it was found within the very same mine. It was given a "flawless" clarity grade and was priced at $35.3 million, which was a record price for the company.
Analysts from Numis Securities stated in a note, "We estimated a sales price in the order of $10 million to $15 million, given Gem Diamonds' recent sale of Type II white at about $70,000 per carat and assuming some losses for cutting/polishing."
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