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.
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.
The Latest

The fast-casual chain partnered with Anna Sheffield’s Bing Bang NYC brand on a capsule collection and it’s a little “extra.”

The diamond and tanzanite bracelet was inspired by the waves of the Italian gulf near Genoa.

The home improvement store’s website features an “Empowerment Tools” demi-fine jewelry collection.

De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.

The show will feature a new pavilion of 30 jewelry designers and manufacturers from Surat, India.


A government official said search crews “found the needle in the haystack” when they located the capsule belonging to Rio Tinto along an 870-mile stretch of road.

Amanda Gizzi welcomes February with a selection of amethyst jewelry, a birthstone that “deserves its own time to shine.”

De Beers is sharing over 130 years of experience and expertise through the De Beers Institute of Diamonds with a selection of courses.

Behind the playful and nostalgic brand lies deeper meaning.

The Time Century Jewelry Center is located in downtown Miami’s jewelry district.

Wariness about the year ahead offset a more positive view of the current economic situation.

The IJO also welcomed one new vendor member to its 13-member board, Brecken Farnsworth of Parlé Jewelry Designs.

It begins with a “t” and ends with a “c” and is imbued with warmth and positivity, Peter Smith writes.

The tiny capsule, which is believed to have fallen out of a truck, was lost somewhere along an 870-mile stretch of desert road.

The jeweler’s expansion plans include 20 to 30 more stores in North America and the Middle East over the next two to three years.

The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.

Industry veteran Kevin Lane has stepped into the role.

The ancient Egyptian teenager was buried 2,300 years ago with 49 amulets to guide him through the afterlife.

The NRF’s annual survey shows that consumer attitudes about how, or even whether, to celebrate Feb. 14 continue to evolve.

Nominations are open now through March 24.

A column detailing how independent jewelers did last year and the top watch brands of 2022 were among the most-read stories last week.

Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.

Executives from Fred Meyer Jewelers and Riddles Jewelers have filled the roles.

The Victorian-inspired design is a functional lock and key.

For over 100 years, JA New York has played an integral role in facilitating the evolution of our industry, while also honoring past traditions.

The trend forecaster and her guests explored unconventional jewelry designs, NFTs, AI art, and more during her Trendvision presentation.

The Emerging Designers Diamond Initiative provides diamond credit and mentorship to young brands helmed by BIPOC designers.