Highlights

  • The diamond has been named "The Lulo Rose" after the location of its discovery
  • Believed to be one of the biggest pink rough diamonds ever recovered globally

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A newly-found pink diamond may be the largest one recovered in the last 300 year

It's pink, it's 170 carat and it is possibly one of the biggest rough diamonds ever recovered - Meet "The Lulo Rose".

This historical pink diamond is the 5th largest diamond, found in Angola and maybe the largest recovered in the last three centuries.

Also read/watch| IMF slashes global growth outlook, India GDP estimate also not spared

Lucapa Diamond Company Limited, Endiama EP and Rosas and Petalas, partners in Sociedade Mineira Do Lulo (“SML”) announced the recovery of the rare pink Type IIa diamond from the Lulo alluvial mine.

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

According to reports, the diamond will be sold via international tender at a dazzling price but this is not the first time when a pink diamond will be sold in millions.

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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