170-ct Pink Diamond Found in Angola

The Type IIa alluvial diamond – the fifth largest from the field – is the 27th diamond exceeding 100-carats recovered from Lucapa’s Lulo Concession, with the 404-carat 4th February Stone, found in 2016, boasting the record as Angola’s largest recovered diamond.

The diamond is expected to fetch a high price when it is sold via an international tender process, which will be conducted by Angola’s state diamond marketing company, Sodiam, with Lucapa’s Managing Director, Stephen Wetherall, indicating that it’s color could give the Lulo Rose a higher premium.

“Only one in 10,000 diamonds is colored pink. So, you’re certainly looking at a very rare article when you find a very large pink diamond,” Wetherall stated, adding that, “We look forward to our partnership progressing its exploration effort, where we are now bulk sampling the priority kimberlites, in search for the primary kimberlite sources of these exceptional and high-value diamonds.”

The Lulo Diamond Mine’s production in Q1 2022 reached 5,227-carats, which included 50 diamonds exceeding 10.8-carats, with the largest recovery boasting 98-carats. Currently, Angola is the fourth largest diamond producing country in the world.

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Onur Yilmaz

Onur Yilmaz

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