Lucapa Says This 170-Carat Diamond Is the Largest Pink Found in 300 Years
The type II diamond came out of the Lulo alluvial mine in Angola and will be sold via international tender.
Lucapa Diamond Company Limited, Endiama E.P. and Rosas & Petalas, partners in operating the Lulo mine, announced the discovery Wednesday.
They’ve dubbed the stone “The Lulo Rose,” and claim it’s the largest pink diamond unearthed in 300 years, making its recovery a “significant day” for the Angolan diamond industry, said José Manuel Ganga Júnior, chairman of the board of Endiama, Angola’s state-run diamond company.
Lucapa said the last pink diamond to exceed the Lulo Rose in size was the rough that resulted in the 242-carat pink “Great Table Diamond,” which famous jeweler and traveler Jean-Baptiste Tavernier wrote about in 1642.
The Great Table did not survive.
According to Lang Antiques’ Antique Jewelry University, the diamond was involved in an “unrecorded accident” and had to be cut into two smaller stones, the 182-carat “Darya-ye-Noor” (also spelled “Darya-i-Noor”) and the 60-carat “Nul-ul-Ain.”
The Darya-ye-Noor is now part of the Iranian Crown Jewels and is currently held in the Central Bank of Iran in Tehran.
While the discovery of a 170-carat pink diamond is rare, The Lulo Rose is the 27th 100-carat-plus diamond recovered from Lulo since Lucapa and its partners began mining there in January 2015.
Lulo has produced Angola’s two largest diamonds on record, the biggest of which was the 404-carat “4th February Stone.”
Mined in February 2016, the Type IIa D-color stone sold the following month for $16 million, or nearly $40,000 per carat.
In a statement on the discovery of The Lulo Rose, Lucapa Managing Director Stephen Wetherall called the alluvial mine an “exceptional resource” that is “a gift.”
“We are once again made very proud by yet another historic recovery,” he said. “We too 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.”
Lucapa said the company is not releasing any estimates on The Lulo Rose’s potential sale price.
Sodiam E.P., Angola’s state-owned diamond marketing company, will sell the diamond via an international tender at a yet-to-be-determined date.
For Future Reference’s Randi Molofsky and designer George “The Jeweler” Khalife discuss the top trends of the year.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
From bench jewelers to appraisers, Jewelers of America’s updated guide shares an overview of how much industry employees are being paid.
Sandra Cochran has more than 25 years of retail experience.
The WaxJet 400, recognized as the world's fastest wax printer, is bringing in a new era of precision and efficiency to industry.
The Conference Board’s revised January reading suggests consumers did not start off 2024 as confidently as previously thought.
The auction house sold all 11 “MoonSwatch Moonshine Gold” suitcases, donating the proceeds to eye care nonprofit Orbis International.
Matteo Farsura, former exhibition manager of Vicenzaoro, will oversee the Italian Exhibition Group’s various jewelry and fashion shows.
The upcoming show will have an immersive “47th Street Experience” for attendees.
Ukrainian jewelry designer Valeriya Guzema’s charitable “Freedom” collection is inspired by hope for the country’s future.
Set to be held in Venice, it’s a look through the maison’s history.
Sebastian Clarke and Katherine van Dell, frequent appraisers on “Antiques Roadshow,” will join the new office.
Sherry Smith dishes on the month’s highs and lows and the two categories consumers were loving ahead of Valentine’s Day.