Miners found pink diamond believed to be largest discovered in 300 years

Miners in Angola have discovered a rare pure pink diamond which is considered to be the largest found in 300 years, the Australian operator announced Wednesday.

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A 170-carat pink diamond called The Lulo Rose was uncovered at the Lulo mine in the northeastern part of the country rich in diamonds and is one of the largest pink diamonds ever discovered, the Lucapa Diamond Company told investors.

The “historic” discovery of the type IIa diamond, one of the rarest and purest shapes of natural stones, was applauded by the Angolan government, which is also a partner of the mine.

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This record and spectacular rose diamond recovered from Lulo continue to showcase Angola as an important player on the world stage,” Angola’s Mineral Resources Minister Diamantino Azevedo said. The diamond will be sold at an international auction, probably at an astounding price.

Although the Pink Lulo would be cut and polished to reach its actual value, in a process that could reduce 50% weight of a stone, similar pink diamonds went on sale at record prices.

The 59.6 carats Pink Star was auctioned in Hong Kong in 2017 for 71.2 million US dollars. It remains the highest-priced diamond ever sold.

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