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Saturday, April 1, 2023

Rare ‘Pink diamond’ Unearthed in Angola, Found in 300 Years Of Micro Scale Hunting

The largest found pink diamond is 170 carats, it will further be sold via international tender at an incredibly high rate 

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AFRICA.Angola: Pink diamonds are very thin on the ground and the rarest stone is excavated by miners of Angola. According to the Australian site operator, it is a substantial finding in 300 years. The diamond is discovered in the Lulo mine, diamond-rich northeast of the country.

The largest found pink diamond is 170 carats, said to the Lucapa Diamond Company. This is Type IIa diamond, the uncontaminated form of natural stones. Lucapa Diamond Company is partnered with the Angolan Government. 

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According to Angola’s Mineral Resources Minister Diamantino Azevedo, “This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage”.

This historic discovery will be sold at international tender, at an incredible price. If reports are to be believed, a 59.6 carat Pink Star was sold at a Hong Kong auction for 71.2 million US dollars. This is the highest-selling diamond by far. 

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The rare stone would have to be cut and polished to realise its true value, this process will make the stone slack around 50 per cent of its actual weight.

Azevedo made a statement, “It demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry.” These diamonds help create good income and establish a strong market and make Angola a global player in diamond mining.

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Why is this Pink Diamond ultra expensive?

The pink diamond is the queen of diamonds because of its rare appealing appearance, the source of the pink colour in these diamonds is generated mostly from the geological placement but somehow plastic deformation also plays an important role. This rare stone is the subcategory of diamonds called colour diamonds.

ALSO READ: South Africa Earned USD 53 Billion From Minerals in 2021

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