The Lucapa Diamond Company finds a 170-carat pink diamond in Angola, the largest gemstone found in 300 years. The “”Lulo Rose”” diamond is the 5th-largest diamond out of 27 discovered at the Lulo alluvial diamond mine. It is extremely rare because there is only a 1 in 10,000 chance of finding a colored diamond, according to the Lucapa Diamond Company. In addition, only 1 in 100 diamonds are over 10.8 carats. Because the diamond is still being examined, officials have released no price estimates.
Angola is one of the world’s top 10 diamond producers, making it a significant player in diamond mining. This discovery demonstrates Angola’s potential and the benefits of committing to and investing in expanding the country’s diamond mining industry. The Lulo alluvial diamond mine was also the location of Angola’s biggest diamond, found in February 2016. The 4th February Stone is a 404.2 carat stone sold for $16 million.