Miners in Angola have unearthed a rare pure pink diamond believed to be the largest found in 300 years, the Australian site operator announced on Wednesday.
A 170-carat pink diamond — called The Lulo Rose — was discovered at the Lulo mine in the diamond-rich northeast of the country and is one of the largest pink diamonds ever found, the Lucapa Diamond Company said in a statement to investors.
The “historical” find of the Type IIa diamond, one of the rarest and purest forms of natural stone, was welcomed by the Angolan government, which is also a partner in the mine.
“This record and this spectacular pink diamond recovered from Lulo still shows Angola as a major player on the world stage,” said Angola Mineral Resources Minister Diamantino Azevedo.
The diamond will be sold in an international tender, probably at a staggering price.
While The Lulo Rose would need to be cut and polished to realize its true value, in a process where a stone can lose 50 percent of its weight, comparable pink diamonds have sold for record prices.
The 59.6-carat Pink Star was sold at auction in Hong Kong in 2017 for $71.2 million. It remains the most expensive diamond ever sold.
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