“Only one in 10,000 diamonds is colored pink. So you’re certainly looking at a very rare article when you find a very large pink diamond.”
A rare pure pink diamond has been discovered in Angola and is believed to be the largest rough diamond of its kind to be unearthed in 300 years. The 170-carat stone in the Lulo alluvial mine was welcomed by the Angolan government and named Lulo Rose.
Lulo is an alluvial mine which means the stones are recovered from a river bed. The mining company Lucapa, that discovered it, has embarked on a search for the underground deposits, known as kimberlite pipes, which would be the main source of the diamonds.
Angola’s mines make it one of the world’s top 10 producers of diamonds.
“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage for diamond mining," Minerals Resources Minister Diamantino Azevedo is quoted as saying in a statement.
It said the diamond will be sold at international tender by the Angolan state diamond marketing company, Sodiam.
In the past, such stones, once cut and polished, have sold for record-breaking prices.
The Pink Star, a 59-carat pink diamond, sold for $71.2m in 2017 - the most expensive ever.
“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage for diamond mining and demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry,” Diamantino Azevedo, Angola’s Minister of Mineral Resources, Petroleum and Gas said, according to the Lucapa website.
Africa still remains the richest continent in natural resources.