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The Lulo Rose: Rare 170-Carat Pink Diamond Could Be Biggest in 300 Years

© AFP 2023 / HANDOUTThis undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink diamond -- dubbed The Lulo Rose -- that was discovered at the Lulo mine in Angola's diamond-rich northeast region.
This undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink diamond -- dubbed The Lulo Rose -- that was discovered at the Lulo mine in Angola's diamond-rich northeast region. - Sputnik International, 1920, 27.07.2022
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Colored diamonds are mostly found at least 150-200 km below the earth’s surface, making them rare - generally unheard of - and expensive. The exquisite gemstone accounts for less than 0.1 percent of total yearly diamond production.
An Australian mining company has unearthed a rare pink diamond which is said to be the largest ever discovered in the last 300 years.
The rare 170-carat gemstone was found in the southern African country of Angola, and is named after its location: The Lulo Rose, the Lucapa Diamond Company said in a statement to investors.
The Australian site operator said that it found the diamond on July 27.

“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage,” AFP cited Angola’s Mineral Resources Minister Diamantino Azevedo, who’s also a partner in the mine, as saying.

The real cost and weight of the gemstone can only be ascertained once it is cut and polished.
Meanwhile, a 59.6-carat Pink Star stone, costing $83 million in 2017, is considered one of the costliest pink diamonds presently.
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