It is uncommon to find a pink diamond, not to mention the largest one in three centuries.
Australian miner Lucapa Diamond Firm has unearthed a 170-carat pink diamond that it claims is the biggest such stone present in 300 years. Dubbed the “Lulo Rose,” the gem was found on the firm’s Lulo alluvial diamond mine within the Lunda Norte area of Angola in Africa, based on a press release shared on Wednesday.
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The diamond is anticipated to fetch within the hundreds of thousands at a forthcoming public sale run by Angolan state diamond advertising firm Sodiam. In actual fact, it might even eclipse the Pink Star, an internally flawless 59.6-carat pink diamond that bought for a file $83 million in 2013. (It stays the world’s most costly pink diamond.) Lucapa’s managing director Stephen Wetherall has not supplied an estimate of Lulo Rose’s value because the diamond continues to be being examined and valued.
“This file and spectacular pink diamond recovered from Lulo continues to showcase Angola as an necessary participant on the world stage for diamond mining and demonstrates the potential and rewards for dedication and funding in our rising diamond mining trade,” Diamantino Acevedo, Angola’s minister of mineral assets, petroleum and fuel, mentioned in a press release.
Lucapa Diamond Firm
With a workers of 400, Lulo is an alluvial mine the place stones are recovered from the river mattress. In line with Lacapa, the location has been commercially producing giant, high-value diamonds since 2015. Certainly, Lulo has produced 27 gems over 100 carats to this point and two of Angola’s largest diamonds. The most important discovery on the website was the whopping 404-carat “4th February Stone,” which bought for $16 million. The Lulo Rose is the fifth largest diamond to be discovered at Lulo.
Lacapa’s Mothae mine in Lesotho, in the meantime, started business manufacturing in 2019 and already accounts for $35 million in diamond gross sales. The corporate is now taking a look at different “precedence kimberlites” (igneous rocks) within the hopes of discovering extra distinctive, high-value diamonds. Solely time will inform.
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