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Miners are unearthing pink diamonds believed to be the largest in 300 years – Africa News – Report by AFR

Miners in Angola have unearthed a rare pure pink diamond believed to be the largest found in 300 years, the Australian site operator announced on Wednesday.

A 170-carat pink diamond – dubbed The Lulo Rose – has been discovered at the Lulo mine in the country’s diamond-rich northeast and is among the largest pink diamonds ever found, Lucapa Diamond Company said in a statement to investors.

The “historic” finding of the Type IIa diamond, one of the rarest and purest forms of natural stone, was welcomed by the Angolan government, which is also a partner of the mine.

“This record-breaking and spectacular pink diamond recovered from Lulo continues to show Angola as a major player on the world stage,” said Angola’s Minister of Natural Resources Diamantino Azevedo.

The diamond will be sold in international tenders, probably at a dazzling price.

Although the Lulo rose would need to be cut and polished to realize its true value, similar pink diamonds have sold for record-breaking prices in a process that can allow a stone to lose 50 percent of its weight.

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

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