Miners unearth pink diamond believed to be largest seen in 300 years | Inquirer News

Miners unearth pink diamond believed to be largest seen in 300 years

/ 05:57 PM July 27, 2022
Miners unearth pink diamond believed to be largest seen in 300 years

This undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink diamond — dubbed The Lulo Rose — that was discovered at the Lulo mine in Angola’s diamond-rich northeast region. AFP

SYDNEY — Miners in Angola have unearthed a rare pure pink diamond that is believed to be the largest found in 300 years, the Australian site operator announced Wednesday.

A 170 carat pink diamond — dubbed The Lulo Rose — was discovered at Lulo mine in the country’s diamond-rich northeast and is among the largest pink diamonds ever found, the Lucapa Diamond Company said in a statement to investors.

ADVERTISEMENT

The “historic” find of the Type IIa diamond, one of the rarest and purest forms of natural stones, was welcomed by the Angolan government, which is also a partner in the mine.

“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage,” Angola’s Mineral Resources Minister Diamantino Azevedo said.

FEATURED STORIES

The diamond will be sold at international tender, likely at a dazzling price.

Although The Lulo Rose would have to be cut and polished to realise its true value, in a process that can see a stone lose 50 percent of its weight, similar pink diamonds have sold for record-breaking prices.

The 59.6 carat Pink Star was sold at a Hong Kong auction in 2017 for 71.2 million US dollars. It remains the most expensive diamond ever sold.

RELATED STORIES

Not forever: World’s biggest pink diamond mine closes

Rare pink diamond aims to make P2.7 billion

Rare Russian pink diamond sells for $27 million

‘Incomparable’ pink diamond smashes record at Geneva auction

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Angola, Australia, diamond, Mining
For feedback, complaints, or inquiries, contact us.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.



© Copyright 1997-2022 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.