Miners unearth pink diamond believed to be largest seen in 300 years

Angolan miners have discovered a rare pure pink diamond, the biggest in 300 years, according to the announcement made on Wednesday by the Australian site operator.

According to a statement from the Lucapa Diamond Company to investors, a 170 carat pink diamond known as The Lulo Rose was found in the Lulo mine in the diamond-rich northeast of the nation. It is one of the biggest pink diamonds ever found.

The Angolan government, a mining partner, hailed the "historic" discovery of the Type IIa diamond, one of the rarest and purest varieties of natural stone.

Angola's Minister of Mineral Resources, Diamantino Azevedo, stated, "This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage."

The diamond will probably fetch a stunning price when it is sold at international tender.

Identical pink diamonds have sold for record-breaking amounts, but The Lulo Rose would need to be cut and polished to reach its full value—a procedure that may cause a stone to lose half of its weight.

In 2017, the 59.6-carat Pink Star brought in 71.2 million US dollars at an auction held in Hong Kong. It is still the priciest diamond ever sold.