Lucapa Unearths 170ct. Pink from Lulo

RAPAPORT... Lucapa Diamond Company has recovered one of the largest pink diamonds in history: a 170-carat stone from the Lulo mine in Angola.The type IIa rough, named the Lulo Rose, is "believed to be the largest pink diamond recovered in the last 300 years," Lucapa said Wednesday. It is also the fifth-largest diamond from Lulo, and the deposit's 27th over 100 carats since commercial production began in 2015. Lucapa plans to sell the diamond through an international tender conducted by Angolan state diamond-marketing company Sodiam, it noted."The record-breaking Lulo diamond field has again delivered a precious and large gemstone, this time an extremely rare and beautiful pink diamond," said Jos?(C) Manuel Ganga J??nior, chairman of the board of state-owned Endiama, one of Lucapa's partners in the deposit. "It is a significant day for the Angolan diamond industry."In addition to the pink, Lulo is also the source of Angola's largest diamond, a 404-carat rough named the 4th February Stone.Lucapa has begun bulk sampling at "priority kimberlites" as it searches for the primary source of Lulo's diamonds, managing director Stephen Wetherall added.Image: The 170-carat pink diamond. (Lucapa Diamond Company)