The 29.6-carat stone was recovered by Petra Diamonds at its Cullinan mine, about 40km (25 miles) north-east of Pretoria.
Petra have unearthed an extremely 29.6 carat blue diamond at their Cullinan mine near Pretoria, South Africa. They sold a similar diamond last year for over £10m... In 1905, the Star of Africa blue diamond - the world's second largest cut diamond - was discovered at the same mine, and was later used as part of the British crown jewels
"This stone is one of the most exceptional stones recovered at Cullinan during Petra's operation of the mine," the company said.
Petra unearthed a 25.5 carat blue diamond which sold for $16.9m (£10.3m) in 2013.
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