This undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink diamond -- dubbed The Lulo Rose -- that was discovered at the Lulo mine in Angola's diamond-rich northeast region. (Photo by Handout / LUCAPA DIAMOND COMPANY LIMITED / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / LUCAPA DIAMOND COMPANY LIMITED / " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS
Cover Photo: Lucapa Diamond Company

The Lulo Rose is the biggest pink diamond the world has seen in over 300 years—and it could become the most expensive, too

In a discovery that would make Jennifer Lopez drool, miners have unearthed a 170-carat pink diamond in Angola—the biggest to be found anywhere in the world in 300 years.

The sizeable stone has been christened the Lulo Rose by the Lucapa Diamond Company, which recovered the gem from the Lulo mine in Angola. The South African country is the world’s sixth largest diamond producer in the world, but coming across a pink diamond isn’t an everyday occurrence.

Read more: 5 Surprising Facts About Pink Diamonds You Probably Didn’t Know

Tatler Asia
Above The Lulo Rose pink diamond (Photo: Lucapa Diamond Company)

The Power of Pink

Pink diamonds are prized for their rarity; only one in 10,000 mined diamonds are coloured, according to the Lucapa Diamond Company. And they are even harder to come by in sizes greater than 10 carats, which is what makes the Lulo Rose diamond all the more remarkable.

It has also been classified as a type 2a diamond—the most coveted category of diamonds, with little or no impurities present in the gem’s chemical composition. That’s a defining feature of pink diamonds: while other coloured diamonds get their hue from traces of other elements in their chemical composition (the presence of boron, for example, results in blue diamonds), pink diamonds are chemically pure, and the reason for their dreamy pale pink tint remains a mystery.

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Tatler Asia
This undated handout picture released by Lucapa Diamond Company Limited on July 27, 2022 shows a 170 carat pink diamond -- dubbed The Lulo Rose -- that was discovered at the Lulo mine in Angola's diamond-rich northeast region. (Photo by Handout / LUCAPA DIAMOND COMPANY LIMITED / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / LUCAPA DIAMOND COMPANY LIMITED / " - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS (Photo by HANDOUT/LUCAPA DIAMOND COMPANY LIMITED/AFP
Above Photo: Lucapa Diamond Company

Precious and Pricey

The Lulo Rose is the biggest pink diamond to captivate the world since the discovery of the Daria-i-Noor, a 185-carat stone that belonged to the Kakatiya dynasty of India in the 12th century. The latter stone is believed to have made up part of the even larger Great Table diamond that once adorned the throne of the Mughal Emperor Shah Jahal. The Daria-i-Noor is now a part of the Iranian Crown Jewels collection.

The story of the Lulo Rose is as yet unwritten, but not for long. The pink gemstone is expected to be auctioned off by the Angolan diamond marketing company Sodiam. We might see history being made, if the Lulo Rose goes the way of the 24.78-carat Graff Pink diamond that fetched a record-breaking US$46.2 million—the highest price ever paid for a single gemstone in auction at the time.

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