The Largest And Rarest Pink Diamond In The World Discovered

According to SAEDNEWS, citing Rozato, based on a press release from the Australian-based owner company Lucapa Diamond Company, this 170-carat gemstone named “Lulo Rose” was found in the Lulo alluvial mine in the diamond-rich Lunda Norte region of Angola.

Lucapa said that the Lulo Rose diamond is believed to be the largest pink diamond discovered in the past 300 years and the fifth largest diamond ever found in the Lulo alluvial mine, where stones are extracted from riverbeds. According to the company, this is the 27th diamond over 100 carats that has been found in the mine.

Discovery of a 404-Carat Transparent Diamond

According to Lucapa, which is now searching for kimberlite pipes or underground deposits as the primary source, two of the largest diamonds ever discovered in Angola were previously found in the same mine, the largest being a 404-carat transparent diamond.

Stephen Wetherall, CEO and Managing Director of Lucapa, said in a statement on Wednesday:
“Lulo is an exceptional alluvial resource and truly a gift. We are once again very proud of another historic discovery. We are also looking forward to advancing our exploration efforts, where we are now bulk sampling priority kimberlites and searching for primary sources of exceptional and valuable kimberlite diamonds.”

Diamond Auction

This rare colored gemstone will be sold through an international tender by Angola’s state-owned diamond marketing company, Sodiam.

Angola is among the top ten diamond-producing countries in the world. According to the Gemological Institute of America, only one in every 10,000 diamonds found is colored.

Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, said in a statement on Wednesday:
“This record and the spectacular pink diamond recovered from Lulo demonstrate Angola’s position as an important player in the global diamond mining industry and highlight the potential and rewards of commitment and investment in our growing diamond sector.”