A enormous pink diamond that may be the largest of its kind discovered in the last 300 years has been found by miners in Angola.
The Daria-i-Noor diamond, the largest pink diamond in the world and currently a part of the Iranian National Jewels, is thought to weigh 182 carats, whereas the pink diamond is reported to weigh 170 carats, making it somewhat smaller.
According to a statement from the Lucapa Diamond Company, which owns Lulo and one other diamond mine in Angola, the new diamond has been given the name “Lulo Rose” after the Lulo mine in northern Angola where it was discovered.
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27 diamonds weighing more than 100 carats have been discovered by the Lulo mining operation since 2015, including the biggest diamond ever discovered in Angola, the 404-carat “4th February Stone,” which sold for US$16 million in 2016.
The fifth-largest diamond discovered in Lulo, The Lulo Rose, is anticipated to fetch an even higher price.
Pink diamonds are comparatively uncommon, and researchers are still unsure of the process that gives these stones their rose color.
The Pink Star, a rough 132-carat pink diamond, was discovered by South African miners in 1999. The Pink Star, the single most costly diamond ever sold, was created over the course of nearly two years by professionals who gradually grind and sliced the rock into a 59-carat jewel. The Pink Star was auctioned off in 2013 for around US$83 million.
The Lulo Rose will also need to be reduced from its bulky size, which could cause its weight to decrease by as much as 50%, according to the announcement. The vibrant pink stone appears ready to set a new sales record of its own, even if the Lulu Rose is downsized to 85 carats.
Since 2500 BCE, people have been accumulating and exchanging diamonds, according to a recent Live Science study. Their brilliant appearance and exceptional rarity made them a sought-after status symbol that only the richest people in the world could buy for millennia.
Diamonds are created when carbon deposits are exposed to the intense heat and temperatures of the inner Earth, which occurs deep below, generally 100 miles (160 kilometers) or more below the surface of the Earth. While some diamonds may surface during volcanic eruptions, the majority are now discovered by global mining operations.
According to a 2018 report by the non-profit Human Rights Watch, the mining of diamonds has been linked to the eviction of Indigenous peoples, worker exploitation, pollution, and violations of human rights. Nevertheless, conditions for mining diamonds are frequently dangerous, and the industry has been linked to more than US$300 billion in annual revenue.