Miners discover 170-carat pink diamond, believed to be the largest found in 300 years

An Australian site operator announced on Wednesday that miners in Angola have unearthed a rare pure pink diamond, believed to be the largest in 300 years.

The Lukapa Diamond Company said in a statement to investors that the 170-carat pink diamond – called The Lulo Rose – was discovered at the Lulo mine in the country’s diamond-rich northeast and is the largest pink diamond ever found.

The company released a video on YouTube showing images of the stunning diamond.

Historic 170ct Pink Diamond – Lulo Rose By
Lucapa Diamonds on Youtube

The “historic” discovery of Type IIa diamonds, one of the rarest and purest forms of natural stones, was welcomed by the Angolan government, which is also a participant in the mine.

Angola’s Minister of Mineral Resources, Diamantino Azevedo, said: “This record and spectacular pink diamond recovered from Lulo demonstrates Angola as an important player on the world stage.”

The diamond will be sold in international tender, possibly at a dazzling price.

Although Lulo Rose must be cut and polished to realize its true value, in a process that can reduce a stone by 50 percent of its weight, similar pink diamonds have been sold at record-breaking prices.

59.6 carat “Pink Star” sold In 2017 at a Hong Kong auction for US$71.2 million. The “Pink Star”, which was mined in Africa by De Beers in 1999 as a raw 132.5-carat gemstone and cut over a period of two years, is the most expensive diamond ever sold.

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