According to a statement from Lucapa, Endiama and Rosas & Pétalas, partners in Sociedade Mineira Do Lulo, sent to Lusa, the 170-carat diamond found in the mine in Lulo, in the northeast of the country, is one of the largest rosa ever discovered and joins the two largest diamonds ever discovered in Angola, also in this mine.
The "historic" discovery of this type IIa diamond, which groups together particularly rare and pure stones, was welcomed by the Government, the mine's partner: "This record and spectacular pink diamond from Lulo continues to show that Angola is a important in the world scenario of diamond extraction", said the Angolan Minister of Mineral Resources, Diamantino Azevedo.
The stone will be sold at international auctions and is expected to fetch an extremely high price.
Although 'Rosa do Lulo' still needs to be cut and polished to reach its full value – a process in which a stone can lose 50 percent of its weight, similar pink diamonds have fetched skyrocketing prices in the past.
In 2017, the 59.6-carat "Pink Star" diamond was auctioned in Hong Kong for 71.2 million dollars, and remains, so far, the most expensive diamond in history.