Australian-owned Lucapa Diamond Company announced that a rare 170-carat pink diamond was found at a mine in Angola.
The diamond, dubbed as the “Lulo Rose” was discovered at the Lulo alluvial diamond mine in North-Eastern Angola.
According to Lucapa, the rare pure pink diamond is the largest raw diamond of its kind to be discovered in 300 years.
“Lulo is an exceptional alluvial resource and is truly a gift. We are once again made very proud by yet another historic recovery. We too look forward to our partnership progressing its exploration effort, where we are now bulk sampling the priority kimberlites,” said Lucapa Managing Director, Stephen Wetherall.
Lucapa revealed that the Angolan official diamond marketing company would sell the Lulo Rose through an international tender.
The Lulo Rose is the fifth-largest diamond discovered in the mine where 27 diamonds weighing at least 100 carats have previously been discovered.
The two biggest diamonds ever discovered in Angola, including a 404-carat clear diamond, were also unearthed at the Lulo mine.
The Angolan government applauded the discovery at the Lulo alluvial mine.
Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas said, “This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage for diamond mining and demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry.”
The Pink Star, a 59-carat pink diamond, was the most expensive diamond ever sold at $71.2 million in 2017.
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