RARE PINK DIAMOND, LARGEST IN 300 YEARS, UNEARTHED IN ANGOLA

Wed 27 July 2022:

The biggest pink diamond discovery in 300 years was made by miners in Angola. The Australian site operator announced on Wednesday (July 27), that they had discovered a rare and pure pink diamond With a weight of 170 carats, it is regarded as the largest pink diamond ever found.

According to a statement from the Lucapa Diamond Company, it is known as The Lulo Rose and was discovered at the Lulo mine in the nation’s diamond-rich northeast. The Type IIa diamond, one of the purest and most rare varieties of natural stones, was discovered in Angola, and the Angolan government, which was considered a partner, praised the discovery. In a international tender, the diamond will probably sell for spectacular price.

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

Earlier, similar pink diamonds have been sold for record-breaking amounts, even though The Lulo would need to be cut and polished to realise its full value- a process that can cause a stone to lose half of its weight.

The stone 59.6 carat Pink Star was purchased for 71.2 million US dollars in Hong Kong in the year 2017. It is still the costliest diamond that has been sold. Chow Tai Fook, a jewellery company won the offer.

The offer was made over the phone by Henry Cheng Kar-Shun, the company’s chairman. The Pink Star has, however, previously been put up for sale. According to CNN, it was bought by New York-based diamond cutter Isaac Wolf in 2013 at a Sotheby’s auction in Geneva for a record-breaking $83 million.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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