The largest pink diamond discovered in 300 years is thought to have been discovered by Angolan miners, according to a statement made on Wednesday, July 27, 2022 by the Australian site operator.

The Lucapa Diamond Company said in a statement to investors that the 170 carat pink diamond, known as The Lulo Rose, was found at Lulo mine in the nation’s diamond-rich northeast and is one of the largest pink diamonds ever found.

The Angolan government, a partner in the mine, applauded the “historic” discovery of the Type IIa diamond, one of the rarest and purest varieties of natural stones.

“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage,” Angola’s Mineral Resources Minister Diamantino Azevedo said.

The diamond will be sold at international tender, likely at a dazzling price.

Although The Lulo Rose would have to be cut and polished to realise its true value, in a process that can see a stone lose 50 percent of its weight, similar pink diamonds have sold for record-breaking prices.

The 59.6 carat Pink Star was sold at a Hong Kong auction in 2017 for 71.2 million US dollars. It remains the most expensive diamond ever sold.

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