Petra Diamonds Finds 122.52-carat Blue Diamond

Petra Diamonds Ltd. (LSE:PDL) announced the discovery of a 122.52-carat blue diamond at its South Africa-based Cullinan mine.

As quoted in the press release:

The stone will require further analysis in order to assess its potential value and upon completion of this process, Petra will be in a position to evaluate its optimal route to market. The diamond will therefore not be sold before the end of the Company’s current financial year (30 June 2014).

Click here to read the full Petra Diamonds Ltd. (LSE:PDL) press release.