In 300 years, the largest pink diamond was found, about 170 carats!

In 300 years, the largest pink diamond was found, about 170 carats!

Updated on July 29, 2022 09:48 AM by Dhinesh

Pink diamond!

According to Australian miner Lucapa Diamond Company, 170 carats pink diamond in Angola may be the largest such gemstone found in 300 years.

Lulo Rose!

The diamond was found at the Lulo alluvial diamond mine in the Lunda Norte region of Angola in Africa with its partners, state-run diamond miner Endiama and Rosas & Petalas, a private Angolan company named Lulo Rose.

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About Angola’s mines!

According to the Gemological Institute of America, which researches diamond production, Angola’s mines are the world's top ten producers of diamonds. In Alluvial diamond mining, stones are recovered from gravel and sand found on riverbeds.

Extremely rare size!

Managing director of the Lucapa Diamond Company, Stephen Weatherall, found only one in 10,000 diamonds are colored. Every 100 diamonds are greater than 10.8 carats in size, also recovering a 170-carat pink diamond. The recovered pink diamond is extremely rare in size.

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Recovery of gem!

The Angolan state diamond marketing company Sodium is expected to auction the pink gemstone. The Angolan government hailed the historical recovery of the gem. The diamond is still being examined and valued.

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Growing mining industry!

Diamantino Azevedo, Angola’s minister of mineral resources, petroleum, and gas, said the 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 growing diamond mining industry.

Large colored diamond!

In recent years, large colored diamonds fetched record high-price at auctions. The De Beers Cullinan Blue diamond, 15.10 carat, sold for $57.5 million at an auction by Sotheby's in Hong Kong. The record missed beating the record set by the 14.62 carat Oppenheimer Blue diamond that fetched an extra $70,000 as it sold in 2016.

The 4th February Stone was recovered from the Lulo mine in February 2016, which is Angola’s biggest diamond, according to Lucapa. It was 404.2 carat stone and sold for $16 million.

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