Pink diamond found in Angola is believed to be the largest in 300 years |  Mining news

Pink diamond found in Angola is believed to be the largest in 300 years | Mining news

The 170 carat ‘Lulo Rose’ was found at the Lulo diamond mine, which has already produced the two largest diamonds ever found in Angola.

A rare 170-carat pink diamond recently discovered in Angola is being hailed as the largest such gem found in 300 years.

Called “Lulo Rose,” it was found at the Lulo alluvial diamond mine in Angola’s Lula Norte region, the mine’s owner, the Lucapa Diamond Company, announced Wednesday on its website.

“Only one in 10,000 diamonds is colored pink. So you’re certainly looking at a very rare item when you find a very large pink diamond,” Lucapa CEO Stephen Wetherall told the Associated Press news agency.

The pink gem is expected to fetch a high value when auctioned, but Wetherall said he did not know what kind of premium would be paid because of its color.

Lulo is an alluvial mine which means that the stones are reclaimed from a river bed. Lucapa is looking for the underground deposits, known as kimberlite pipes, which will be the main source of the diamonds, said Wetherall, speaking from the company’s headquarters in Australia.

“We’re looking for the kimberlite pipes that brought these diamonds to the surface,” Wetherall said. “When you find these high-grade large diamonds … it certainly raises the stakes from our perspective in our search for the primary source.”

He said about 400 people are employed at the mine, which has already produced the two largest diamonds ever found in Angola, including a 404-carat clear diamond.

The pink gemstone is the fifth largest diamond found at the mine, where 27 diamonds of 100 carats or more have been found, according to Lucapa.

The pink diamond will be sold by international tender by the Angolan state diamond marketing company Sodiam.

Angola’s mines make it one of the world’s top 10 producers of diamonds.

“This record and the spectacular pink diamond recovered from Lulo continue to show Angola as a major player on the world diamond mining stage and demonstrate the potential and rewards for commitment and investment in our growing diamond mining industry,” Diamantino Azevedo, Angola’s Minister of Minerals. resources, petroleum and gas, said according to the Lucapa website.

The pink diamond is impressive, but many clear diamonds are larger than 1000 carats.

The Cullinan diamond found in South Africa in 1905 tips the scale at 3106 carats and it is in the British sovereign’s scepter.

Leave a Reply

Your email address will not be published.