SourcingOct 24, 2022
Nearly 48-Carat ‘Pink Eternity’ Diamond Recovered From Kao Mine SourcingDec 02, 2022
Lucapa Sells 170-Carat Pink Diamond Unearthed This Summer
Said to be the largest pink diamond found in hundreds of years, “The Lulo Rose” was sold for an undisclosed sum.
PHOTO The 170-carat “Lulo Rose,” said to be the largest pink diamond found in 300 years, was sold alongside six other diamonds weighing 45 carats or more at a tender held last month in Angola.
PHOTO Another shot of The Lulo Rose, this time alongside an 80-carat white diamond also from Angola’s Lulo mine. The mine’s operators declined to disclose the diamond’s sale price or the name of the company that bought it. (Photo courtesy of Lucapa Diamond Company Ltd.)
Luanda, Angola—The 170-carat pink diamond recovered this summer has been sold, though the companies that operate the mine are not saying to whom or for how much.
The type IIa diamond came out of the Lulo alluvial mine in Angola in July.
At the time of the diamond’s discovery, the companies that operate the mine— Australian miner Lucapa Diamond Company Ltd., private Angolan company Rosas & Petalas and state-owned Endiama E.P.—said it was the largest pink diamond found in 300 years, marking another “historic recovery” at the mine.
Last month, Sodiam E.P., Angola’s state-owned diamond marketing company, sold The Lulo Rose alongside six other big rough diamonds via an international tender held in Angola that totaled $20.4 million and averaged $26,536 per carat.
The other stones, all white diamonds, were: 160 carats, 131 carats, 113 carats, 81 carats, 65 carats, and 45 carats. Like The Lulo Rose, they were all type IIa.
The total carat weight of the diamonds in tender was 767.
Lucapa declined to reveal the name of the company that bought the 170-carat pink diamond or its sale price but did say the seven diamonds were bought by “a variety of different companies;” they did not all go to one buyer.
Related stories will be right here …
The type IIa diamond came out of the Lulo alluvial mine in Angola in July.
At the time of the diamond’s discovery, the companies that operate the mine— Australian miner Lucapa Diamond Company Ltd., private Angolan company Rosas & Petalas and state-owned Endiama E.P.—said it was the largest pink diamond found in 300 years, marking another “historic recovery” at the mine.
Last month, Sodiam E.P., Angola’s state-owned diamond marketing company, sold The Lulo Rose alongside six other big rough diamonds via an international tender held in Angola that totaled $20.4 million and averaged $26,536 per carat.
The other stones, all white diamonds, were: 160 carats, 131 carats, 113 carats, 81 carats, 65 carats, and 45 carats. Like The Lulo Rose, they were all type IIa.
The total carat weight of the diamonds in tender was 767.
Lucapa declined to reveal the name of the company that bought the 170-carat pink diamond or its sale price but did say the seven diamonds were bought by “a variety of different companies;” they did not all go to one buyer.
The Lulo alluvial diamond mine has been in commercial production since 2015.
In that time, the mine has yielded 30 diamonds weighing 100 carats or more.
The largest of these was the 404.2-carat “4th February Stone,” a type IIa, D-color diamond that stands as the biggest diamond ever mined in Angola.
Mine operators recovered the diamond in February 2016 and sold it the following month for $16 million, or $39,580 per carat.
More on Sourcing
The Latest
EditorsSep 16, 2025
Out & About: 7 Great Quotes From Converge in CarlsbadAt Converge 2025, Editor-in-Chief Michelle Graff attended sessions on DEI, tariffs, security, and more. Here are her top takeaways.
CrimeSep 16, 2025
2 Robbery Suspects Killed in California Pawn Shop ShootoutSix people were shot last week at an Oakland cash-for-gold shop as employees exchanged gunfire with individuals trying to rob the store.
CollectionsSep 16, 2025
Chopard Adds New Designs to Its ‘Ice Cube’ Capsule CollectionThe jeweler has expanded its high jewelry offering, which launched last year, with new pieces featuring its cube motif that debuted in 1999.
Brought to you by
reDollar.com Is Rolling Out the Next Level Jewelry, Diamond & Watch Consignment ProgramWith their unmatched services and low fees, reDollar.com is challenging some big names in the online consignment world.
EditorsSep 15, 2025
Skipping the Necklace, Embracing Snakes: The Best Jewelry From the 2025 Emmy AwardsAssociate Editor Natalie Francisco shares eight of her favorite jewelry looks from the 77th annual Primetime Emmy Awards, held Sunday night.
Weekly QuizSep 12, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysSep 15, 2025
Resilient Shoppers to Boost Holiday Retail Sales, Says DeloitteIt’s predicting a rise in retail sales this holiday season despite economic uncertainty and elevated inflation.
SourcingSep 15, 2025
AGTA Elects 8 Members to Board of Directors The newly elected directors will officially take office in February 2026 and will be introduced at the organization’s membership meeting.
Brought to you by
Rallying Call for the Jewelry Industry on Tariffs and Other Key IssuesJewelers of America is leading the charge to protect the industry amidst rising economic threats.
EditorsSep 12, 2025
Out & About: Mining Sapphires in Rock Creek, MontanaAssociate Editor Lauren McLemore headed out West for a visit to Potentate Mining’s operation hosted by gemstone wholesaler Parlé Gems.
TrendsSep 12, 2025
Piece of the Week: Arunashi’s Fordite and Rhodolite EarringsFordite is a man-made material created from the layers of dried enamel paint that dripped onto the floors of automotive factories.
Events & AwardsSep 12, 2025
Al Gilbertson Wins 2025 Robert M. Shipley AwardGilbertson has worked as a researcher, jeweler, lapidary artist, appraiser, and business owner throughout his decades in the industry.
Policies & IssuesSep 11, 2025
Supreme Court to Hear Tariffs Case in November A decision likely won’t come until January 2026 at the earliest, and the tariffs remain in effect until then.
MajorsSep 11, 2025
Tabayer Opens Nordstrom Shop-In-ShopLocated in the revamped jewelry hall at the retailer’s New York City flagship, this opening is Tabayer’s first shop-in-shop.
SourcingSep 11, 2025
Need to Sell More Natural Diamonds? De Beers Has an App for ThatThe new, free app offers accessible educational content, like games and podcasts, for U.S. retailers.
MajorsSep 10, 2025
Stuller to Swap Gold Scrap for Full Credit to AccountAs the gold price rises, the manufacturer is offering a 100 percent payout through Sept. 30 for gold clean scrap.
SourcingSep 10, 2025
Tech Meets Style in the New Loewe x Jacob & Co. HeadphonesJacob & Co. partnered with the German technology company on two pairs of headphones, one set with diamonds and the other with sapphires.
TrendsSep 10, 2025
Tiffany & Co. Archival Jewels Bring Life to ‘Frankenstein’Guillermo del Toro’s 2025 “Frankenstein” will feature 27 jewels and objects from the storied brand, including pieces from its archives.
MajorsSep 10, 2025
24 Karat Club of New York’s Banquet to Return to Waldorf AstoriaThe Waldorf Astoria New York’s grand reopening this past summer means a homecoming for the industry group’s annual event.
SourcingSep 09, 2025
Anglo American to Merge With Canadian Copper Miner Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.
AuctionsSep 09, 2025
‘The Mellon Blue’ to Return to Auction, This Time at Christie’s The 9.51-carat fancy vivid blue diamond, which set two world auction records at Sotheby’s in 2014, is estimated to fetch up to $30 million.
AuctionsSep 09, 2025
Phillips Names Dianne Batista Head of Jewels, New YorkThe industry veteran joins the auction house as it looks to solidify its footprint in the jewelry market.
MajorsSep 09, 2025
MJSA Education Foundation Announces 2025 Scholarship WinnersThe nonprofit awarded four students pursuing a professional career in jewelry making and design with $2,250 each.
IndependentsSep 08, 2025
Take a Look Inside the New Korman Store in AustinThe Texas-based jeweler has also undergone a brand refresh, debuting a new website and logo.
MajorsSep 08, 2025
MJSA Is Officially Now Under JA’s UmbrellaThe two organizations have finalized and signed the affiliation agreement announced in May.
AuctionsSep 08, 2025
Sotheby’s To Auction ‘Exceptional’ Collection of JAR, Suzanne Belperron JewelsThe single-owner sale will headline Sotheby's inaugural jewelry auction at the Breuer building, its new global headquarters, this December.
Events & AwardsSep 08, 2025
27 Can’t-Miss Converge Sessions, Events From sunrise yoga to tariffs talks, these are some events to check out at the upcoming inaugural event.
ColumnistsSep 05, 2025
Peter Smith: A Lasting Lesson From Maurice Tempelsman Smith recalls a bit of wisdom the industry leader, who died last week, shared at a diamond conference years ago.
