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.
Red diamond
Red diamonds are known for their small sizes. The majority of red diamonds on the market are less than 1 carat in weight. Only 5 red diamonds are known to exceed 5 carats in weight, the largest being 5.11 carats. Only a handful of red diamonds are discovered on an annual basis throughout the world, and most of them do not exceed 1 carat. Red diamonds are priced per carat, as all diamonds, and their per carat price is 300–400% higher than the per carat prices of the next most expensive diamonds, pink diamonds and blue diamonds.