Miners in Angola have mined a rare pure pink diamond, believed to be the world’s largest discovered in 300 years, the Australian mining company that operates the site announced on Wednesday.
This 170-carat diamond has been nicknamed “La Rose de Lulo”, named after the mine in northeast Angola from which it was mined. It is one of the largest pink diamonds ever discovered, Lucapa Diamond Company said in a statement to investors.
The “historic” discovery of this type IIa diamond, which includes particularly rare and pure stones, was welcomed by the Angolan government, a partner in the mine.
A price that promises to be astronomical
The stone will be sold at international auctions, probably for an astronomical price.
Although the “Rosa de Lulo” will still need to be cut and polished to reach its full value, a process in which a stone can lose 50% of its weight, similar pink diamonds have fetched record prices in the past.
In 2017, the 59.6-carat “Pink Star” diamond was auctioned in Hong Kong for US$71.2 million. It is still at this stage the diamond that has reached the most expensive sale price in history.
Source: BFM TV
