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Home Discovery of the largest pure pink diamond in the last 300 years, weighing 170 carats: the mine's mining project produces 90 million carats of diamonds annually and global revenue of R$15,7 trillion

Discovery of the largest pure pink diamond in the last 300 years, weighing 170 carats: the mine's mining project produces 90 million carats of diamonds annually and global revenue of R$15,7 trillion

10 June 2024 to 11: 02
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The largest rough pink diamond was discovered in the Lunda Norte region of Angola. Named “Lulo Rose”, it weighs an impressive 170 carats.

The largest rough pink diamond was discovered in the Lunda Norte region of Angola. Named “Lulo Rose”, it weighs an impressive 170 carats.

A stunning pink diamond was discovered in 2022 by a group of miners in Angola, a country located in southern Africa. This precious stone, which weighs 170 carats, is estimated to be the largest of its kind found in the last 300 years. Compared to the Daria-i-Noor, the world's largest pink diamond at 182 carats, this new discovery is only slightly smaller. The Daria-i-Noor is part of the Iranian National Jewels, kept in the Treasury of National Jewels at the Central Bank of Iran. mining

Named “Lulo Rose”, the diamond was named in honor of the Lulo mine, located in northeast Angola, where it was found. The Lucapa Diamond Company, which manages this mine and another in the country, announced the discovery in a statement. Since 2015, the Lulo mining project has discovered 27 diamonds weighing more than 100 carats, including the “February 4th Stone”, the largest diamond ever found in Angola, with 404 carats, sold for US$16 million in 2016, the equivalent of around R$83 million today.mining

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According to information from the LiveScience website, approximately 90 million carats of rough diamonds are extracted annually to make jewelry, generating global revenue of more than US$300 billion (R$15,7 trillion). However, diamond mining is often associated with dangerous conditions, displacement of indigenous people, exploitation of workers, pollution and human rights abuses, as reported in 2018 by Human Rights Watch, a US-based international non-profit organization.mining

Eternal Pink sold for US$34 million in just two minutes

In an auction held in June 2023, the Eternal Pink diamond sold for $34 million in just two minutes. This diamond, described as the “most important pink diamond on the market”, was auctioned by Sotheby's in New York. mining

Eternal Pink weighs 10,57 carats and has been described as impeccable in terms of clarity. Mined in 2019 at the Damtshaa mine in Botswana, the diamond was cut in a cushion cut and mounted in a ring. In addition to the high quality, its bubblegum pink color is a highlight.mining

The science behind pink diamonds' vivid coloring is still not completely understood.

The science behind pink diamonds' vivid coloring is still not completely understood, which adds to their appeal. Typically, the presence of trace elements such as boron gives diamonds their color such as blue hue, but pink diamonds do not contain these elements. The best current explanation is that color results from stress at the atomic level. mining

These incredible gemstones form at extreme depths, some 160 miles or more below the Earth's surface, where carbon deposits are subjected to the intense heat of the planet's interior. These precious stones can reach the surface during volcanic eruptions, where they can remain for millions of years before being found by miners or washed into waterways by erosion. Nowadays they are predominantly found through mining activities.

It is rare to find a diamond weighing more than 10 carats that is free of minerals and impurities, which increases the value of the piece. Eternal Pink is considered one of the most important and attractive pink diamonds in the world, although not the largest.

I'd love to know what you think of this incredible rare and precious stone. Let us know in the comments section. Don't forget to leave 5 stars and activate CPG notifications to keep up with all the news in the world of mining. To the next!

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