Kimberlite is an igneous rock and a rare variant of peridotite. It is most commonly known as the main host matrix for diamonds. It is named after the town of Kimberley in South Africa, where the discovery of an 83.5-carat (16.70 g) diamond called the Star of South Africa in 1869 spawned a diamond rush and led to the excavation of the open-pit mine called the Big Hole. Previously, the term kimberlite has been applied to olivine lamproites as Kimberlite II, however this has been in error.
Kimberlite occurs in the Earth's crust in vertical structures known as kimberlite pipes, as well as igneous dykes and can also occur as horizontal sills. Kimberlite pipes are the most important source of mined diamonds today. The consensus on kimberlites is that they are formed deep within Earth's mantle. Formation occurs at depths between 150 and 450 kilometres (93 and 280 mi), potentially from anomalously enriched exotic mantle compositions, and they are erupted rapidly and violently, often with considerable carbon dioxide and other volatile components. It is this depth of melting and generation that makes kimberlites prone to hosting diamond xenocrysts.