A giant pink diamond was found in Angola

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Largest pink diamond in 300 years was found in Angola. The 170-carat stone has been named the “Lulo Rose” and is weighing 34 grams. “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. The Lulo Rose is a type 2a diamond, meaning it has few or no impurities. It is the fifth largest diamond recovered from the Lulo mine , a joint venture between Australia’s Lucapa Diamond Company and the Angolan government. The company released a video showing images of the stunning diamond on YouTube. It’s impossible to speculate on how much the Lulo Rose will fetch until it’s cut.

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But to have an idea, the 59.6 carat Pink Star was auctioned in Hong Kong in 2017 for $71.2 million (€70.2 million) and remains the most expensive diamond ever sold.The largest known pink diamond is the Daria-i-Noor, discovered in India, which experts believe was cut from an even larger stone. Pink diamonds are extremely rare but not easy to work into shapes. The largest rough diamond of any colour ever recorded is the Cullinan diamond, found in South Africa in 1905, weighing 3,107 carats. It was cut into 105 different stones.Sodiam, the subsidiary of Endiama, a state-owned diamond company in Angola, will put the “Lulo Rose” pink diamond up for auction via an international bidding process.