One of the Largest Pink Diamonds in 300 Years Found

In Angola, a 170-carat pink diamond was found. Australian miner Lucapa Diamond Company says it might be the largest pink diamond found in the last 300 years.

The diamond was named “Lulo Rose” because it was found at the Lulo diamond mine in Angola. The mines in Angola are on the list of top ten diamond mines in the world.

Stephen Wetherall, the managing director of the Lucapa Diamond Company, says that only one in 10,000 diamonds have color. Additionally, only one in every 100 diamonds is bigger than 10.8 carats. That means the 170-carat pink diamond is extremely rare.

Wetherall did not say how much the diamond is worth because it is still being examined. The pink diamond will be auctioned by the Angolan state owned company, Sodiam.

In the past years, large colored diamonds have sold for record-high prices. Last April, a blue, 15.10-carat diamond sold for $57.5 million at an auction in Hong Kong. The record for a colored diamond was in 2016 when a blue, 14.62-carat diamond sold for $58.2 million.

The largest diamond from Angola was found at the Lulo diamond mine in February 2016. The 404.2-carat diamond sold for $16 million.