170-Carat Pink Diamond May Be Largest Gem of its Type Found in 300 Years

170-Carat Pink Diamond May Be Largest Gem of its Type Found in 300 Years

A uncommon 170-carat pink diamond has been found in an Angola mine, authorities confirmed on Wednesday, reporting it to be the most important such stone present in 300 years.

The uncommon “Lulo Rose” diamond was recovered by the Lucapa Diamond Firm in a mine in Africa, the Australian firm introduced in a video.

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“Just one in 10,000 diamonds is coloured pink. So that you’re definitely taking a look at a really uncommon article if you discover a very massive pink diamond,” Lucapa CEO Stephen Wetherall advised the Related Press.

The diamond is the fifth-largest diamond to be unearthed by the corporate on the mine, Lucapa advised the AP, and certainly one of 27 bigger than 100 carats to have been discovered there.

In 2016, the “4th February Stone” — a 404.2-carat stone — was recovered from the identical mine, in accordance with Lucapa. It later offered for $16 million.

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A handout picture made out there by the Lucapa Diamond Firm reveals a 170 carat pink diamond recovered from Lulo, Angola 27 July 2022. An enormous pink diamond of 170 carats was found in Angola and is claimed to be the most important such gemstone present in 300 years. Known as the Lulo Rose the diamond was discovered on the Lulo alluvial diamond mine in Angola in accordance with the mine’s proprietor, the Lucapa Diamond Firm. 170 Carat pink diamond found, Luanda, Angola – 27 Jul 2022

Such massive diamonds are inclined to do properly at public sale. In April, a 15.10-carat diamond, dubbed “The De Beers’ Cullinan Blue” offered for $57.5 million at a Sotheby’s public sale in Hong Kong. 

The historic Lulo Rose can be offered by Sodiam, an Angolan state diamond advertising and marketing firm, per the AP. 

A handout picture made out there by the Lucapa Diamond Firm reveals a 170 carat pink diamond recovered from Lulo, Angola 27 July 2022. An enormous pink diamond of 170 carats was found in Angola and is claimed to be the most important such gemstone present in 300 years. Known as the Lulo Rose the diamond was discovered on the Lulo alluvial diamond mine in Angola in accordance with the mine’s proprietor, the Lucapa Diamond Firm. 170 Carat pink diamond found, Luanda, Angola – 27 Jul 2022

Lucapa’s alluvial mine recovers gems from river beds and staff seek for underground deposits, also referred to as “kimberlite pipes” to seek out the gems, Wetherall advised the outlet.

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“This document and spectacular pink diamond recovered from Lulo continues to showcase Angola as an vital participant on the world stage for diamond mining and demonstrates the potential and rewards for dedication and funding in our rising diamond mining trade,” Diamantino Azevedo, Angola’s minister of mineral assets, petroleum and gasoline stated, per Lucapa’s web site.

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