Just last week it was reported by Petra Diamonds Ltd. that they have found what they’re calling an “exceptional” rough blue diamond whose uncut weight exceeds 122 carats. Wow!

As we reported recently, a cut and polished blue diamond just recently sold for a record sum—it seems that this new stone will break that record.

Even while it is still in rough speculation, it’s likely that the cut stone out of this piece will fetch in the neighborhood of $100,000,000. That’s one hundred million dollars.

Petra has apparently examined the piece and has declared that it is of exceptional clarity. The color is a nice but not as deep a blue as the Hope diamond.

As a gem cutter I have looked at the photos of the rough piece and speculate that it might be cut into a pear shape. It would be nice to hold it in my own hands and look at it from every angle and then guess as to the cut into which it might be fashioned.

We’ll keep abreast of this story and let everybody know the outcome—the cut and the final price.