Cullinan Diamond
The Cullinan diamond was found below the surface at Premier Mine in Cullinan, Transvaal Colony, by Frederick Wells, surface manager at the mine, on 26 January 1905. It was approximately long, wide, deep, and weighed . Newspapers called it the "Cullinan Diamond", a reference to Sir Thomas Cullinan, who opened the mine in 1902. It was three times the size of the Excelsior Diamond, found in 1893 at Jagersfontein Mine, weighing . Four of its eight surfaces were smooth, indicating that it once had been part of a much larger stone broken up by natural forces. It had a blue-white hue and contained a small pocket of air, which at certain angles produced a rainbow, or Newton's rings.
Merlin diamond mine
The Merlin mine has an unusually high proportion of gem-quality diamonds: 65% of production is gem-quality, and only 35% is classified as near-gem or industrial quality. This compares to a worldwide average of just 20% gem-quality diamond production at diamond mines worldwide, and a mere 5% gem-quality production at Australia's largest diamond mine, Argyle diamond mine. The high ratio of gem-quality diamonds is responsible for a relatively high value of $108 USD per carat (540 $/g). The known ore grade at Merlin is about 0.2 carats (40 mg) per tonne, although exploration continues under the mine's new owner. The largest diamond produced at the Merlin mine measured 104.73 carats (20.946 g), the largest ever found in Australia, and has been valued at over US$525,000 .