Pink diamond found in Angola believed to be largest in 300 years | Mining News

The 170-carat ‘Lulo Rose’ was discovered on the Lulo diamond mine, which has already produced the 2 largest diamonds ever present in Angola.

A uncommon pink diamond of 170 carats found in Angola just lately is being feted as the biggest such gemstone present in 300 years.

Known as the “Lulo Rose”, it was discovered on the Lulo alluvial diamond mine in Angola’s Lula Norte area, the mine’s proprietor, the Lucapa Diamond Firm, introduced on Wednesday on its web site.

“Just one in 10,000 diamonds is colored pink. So that you’re actually taking a look at a really uncommon article if you discover a very giant pink diamond,” Lucapa CEO Stephen Wetherall instructed The Related Press information company.

The pink gemstone is predicted to fetch a excessive worth when auctioned, however Wetherall stated he didn’t know what sort of premium will likely be paid due to its color.

Lulo is an alluvial mine which suggests the stones are recovered from a riverbed. Lucapa is trying to find the underground deposits, referred to as kimberlite pipes, which might be the principle supply of the diamonds, stated Wetherall, talking from the corporate’s headquarters in Australia.

“We’re searching for the kimberlite pipes that introduced these diamonds to the floor,” Wetherall stated. “Whenever you discover these high-value giant diamonds … it actually elevates the joy from our perspective in our hunt for the first supply.”

He stated about 400 persons are employed on the mine, which has already produced the 2 largest diamonds ever present in Angola, together with a 404-carat clear diamond.

The pink gemstone is the fifth largest diamond discovered on the mine, the place 27 diamonds of 100 carats or extra have been discovered, in accordance with Lucapa.

The pink diamond will likely be offered by worldwide tender by the Angolan state diamond advertising and marketing firm, Sodiam.

Angola’s mines make it one of many world’s high 10 producers of diamonds.

“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 business,” Diamantino Azevedo, Angola’s minister of mineral sources, petroleum and gasoline, stated, in accordance with the Lucapa web site.

The pink diamond is spectacular, however many clear diamonds are bigger than 1,000 carats.

The Cullinan diamond present in South Africa in 1905 ideas the scales at 3,106 carats and it’s within the British Sovereign’s Scepter.

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