Mining company in South Africa finds rare blue diamond,worth more than $10m

The company said it was unusual for such a diamond to go on sale

A rare blue diamond has been unearthed at a mine in South Africa.

The 25.5-carat stone was recovered by Petra Diamonds at its Cullinan mine and is expected to bring large profits.

Experts say it could be worth more than $10m (£6m), and the find gave a boost to Petra's share price.

"It's very unusual for a diamond of this quality and size to come to market," said company spokeswoman Cathy Malins. The mine, north-east of Pretoria, has produced hundreds of large stones and is famed for its production of blue diamonds.
Posted by Unknown 4/19/2013