The diamond enthusiast community was rocked by the discovery of the world's biggest diamond in the northwest province of South Africa.  Prior to this, the title of being the world's largest diamond is being held by the Cullinan Diamond found by Frederick Wells back in 1905.

The mining company that found the said diamond wasn't named, but one of its representatives, Brett Joli, provided some insight as to what will happen to the prize find. According to the spokesperson, the diamond, which is twice the size of the Cullinan, is being kept in a a bank vault in Johannesburg while a security company was hired to guard it.

According to well-known diamond connoisseur Fred Cuellar, this really is a great discovery but there are still a lot of factors that have to be considered. He explained:

There are all these other factors we still don't know and what matters now is how wide, how clear, and how well cut it will be. Will this diamond rank above the best quality diamonds in the world? I can tell you right now, no. But in as far as the list of the largest diamonds ever found in the world goes, would it make that list? Yes it would.

Reports added that once everything has settled, "a lot of mad bidding" will ensue, with the newly-found diamond's estimated starting value of 15 million GBP or roughly around US$ 30 million.