Jewelry Loans Boca Raton
Petra Diamonds Ltd. has announced it has found a 29.6 carat rough blue diamond. It was reportedly found in the famous Cullinan mine in South Africa. Petra describes the stones as “exceptional”. They comment that the stone has an extremely vivid blue with extraordinary saturation, tone, and clarity. Blue diamonds with great color and clarity can fetch a lot of money. If you needed it, it would be easy to get jewelry loans Boca Raton with a 30 carat blue diamond.
Petra Diamonds also went on to say they think it is one of the most exceptional diamonds ever recovered at the Cullinan mine. That is a lot to say considering the mine has been around since 1903. It is even more amazing when you discover that the Cullinan diamond was found in the same location. The Cullinan diamond is the largest gem-quality diamond ever found weighing 3,106.75 carats.
Petra Diamonds purchased the Cullinan mine in 2008. Within the last 5 years that the company has owned the mine, they have found four large blue diamonds, and three of them have sold for over $8 million at auction. The highest grossing stone was a 25.9 carat blue diamond that sold for $16.9 million in 2013. Another one of their finds was a 26.6 carat rough blue diamond that was eventually cut down into a 7-carat stone that is internally flawless. It sold for $1.35 million per carat ($9.5 million total), which set a record for per carat price at the time of the sale.
Finding large blue diamonds more than 20 carats is extremely rare. Petra Diamonds Ltd. is doing an amazing job at finding them. Their stock price goes up with every new diamond found.
by, Seth Marcus at Boca Raton Pawn
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