Angola unearths massive rare diamond

Dylan Bettencourt

Mine workers in the north-east of Angola have discovered a rare, pure pink diamond claimed to be the largest rough diamond of its kind to be found in 300 years.

The Australian site operator, Lucapa Diamond, labelled the 170-carat stone “The Lulo Rose”.

The rocks form part of the type IIa diamond, which is one of the rarest and purest forms of natural stones.

The mining company confirmed that the diamond would be sold on international tender by the Angolan state diamond marketing company.

Lucapa owns a 40% stake in the Lulo mine with the rest being held by Angola’s national diamond company as well as Rosas & Petalas, a private entity.

The Angolan government welcomed the find from the Lulo alluvial mine.

“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 in a statement.

The same site has already produced two of the largest diamonds found in the country, including a 404-carat clear diamond.

Pink diamonds have often sold for record-breaking prices in the past – the Pink Star, a 59-carat pink diamond, sold for R1.2 billion in 2017. The price has not been matched since.

The Lulo Rose will have to be cut and polished to reveal its true value in a process that can cause the stone to lose around half of its weight.

Image source: African Newz

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