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232-Carat White Diamond Found at Cullinan Mine in South Africa

Petra Diamonds 232.08ct White Cullinan Stone
A 232.08 carat white diamond found at the Cullinan mine in South Africa. Petra Diamonds, which controls the mine, described the stone as a D colour Type II diamond of exceptional size and clarity. Philip Mostert / Petra Diamonds Limited

Diamond miners in South Africa have uncovered a 232.08-carat white diamond that is expected to fetch between $10 million and $16 million.

The stone was discovered at the Cullinan mine, famed for the largest rough gem diamond ever recovered, the 3,106 carat Cullinan Diamond found in 1905, which was cut into stones that are part of Britain's Crown Jewels.

— Reuters