Lulo Rose: Largest pink diamond in 300 years found in Angola

A 170-carat pink diamond found in Angola will be the largest such gemstone present in 300 years, in line with Australian miner Lucapa Diamond Firm.

Angola’s mines are among the many world’s high ten producers of diamonds, in line with the Gemological Institute of America, which researches diamond manufacturing. In alluvial diamond mining, stones are recovered from gravel and sand discovered on riverbeds.

Just one in 10,000 diamonds discovered are coloured, in line with Stephen Wetherall, managing director of the Lucapa Diamond Firm.

“And just one in each 100 diamonds is bigger than 10.8 carats in dimension, so recovering a 170-carat pink diamond means we’re coping with a particularly uncommon article,” Wetherall instructed CNN.

“We’ve recovered pink diamonds earlier than, however discovering one this dimension is extraordinarily uncommon,” he stated.

The “Lulo Rose” remains to be being valued to find out its approximate price earlier than being bought at public sale. Credit score: Lucapa Diamond Firm

The pink gemstone is predicted be auctioned by the Angolan state diamond advertising and marketing firm, Sodiam. Wetherall declined to provide an estimate of its value as a result of the diamond remains to be being examined and valued.

The Angolan authorities additionally hailed the “historic” restoration of the gem.

“The file 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,” stated Diamantino Azevedo, Angola’s minister of mineral assets, petroleum and gasoline.

Angola’s greatest diamond, dubbed the “4th February Stone,” was recovered from the Lulo mine in February 2016, in line with Lucapa. The 404.2-carat stone bought for $16 million.