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Lucapa unveils 170 carats pink diamond in Angola

Lucapa Diamond Company has discovered a 170 carats pink diamond in Angola mine. The firm also claims the diamond is the largest such gemstone found in 300 years.

“Called the Lulo Rose the diamond was found at the Lulo alluvial diamond mine in the diamond-rich Lunda Norte region of Angola. Only one in 10,000 diamonds is coloured pink. So you’re certainly looking at a very rare article when you find a very large pink diamond,” said Lucapa’s chief executive, Stephen Wetherall.

The pink gemstone is expected to fetch a high price when auctioned, however there is no certainity of the kind of premium would be used to pay due to its colour. Wetherall announced the firm was searching for the underground deposits, known as kimberlite pipes, which would be the main source of the diamonds.

Records

“We’re looking for the kimberlite pipes that brought these diamonds to the surface. When you find these high-value large diamonds … it certainly elevates the excitement, from our perspective, in our hunt for the primary source,” Wetherall said.

The pink gemstone is the fifth-largest diamond found at the mine, where 27 diamonds of 100 carats or more have been found, according to Lucapa. It will be sold, by international tender, by the Angolan state diamond marketing company, Sodiam. Angola’s mines make it one of the world’s top 10 producers of diamonds.

“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage for diamond mining and demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry,” said Angola’s mineral resources minister, Diamantino Azevedo.

 

 

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