A unique 170-carat pink diamond was discovered in the northeastern part of Angola, TASS reports, referring to the Australian company Lucapa Diamond Company, which together with the state is developing a deposit in Lulo.

"This pink diamond is the largest mined in the world in 300 years," a company spokesman said.

The stone called "Lulo Rose" will be announced for sale at an international auction.

The Red Cross diamond was sold for €13.5 million

Experts believe that after grinding, a diamond will lose up to half of its weight.

As a result, it will be comparable to the 59.6-carat Pink Star diamond, which was sold at auction in 2017 for $71.2 million.

To date, the Pink Star is the most expensive diamond ever sold at public auction.

The largest diamond found in Angola is 404 carats.

It was mined in February 2016 in the Lulo deposit and named "February 4" in honor of the country's independence day. 

Angola is the second largest producer of diamonds in Africa, after Botswana.

This year, the Angolan industry plans to produce 10 million carats of diamonds.

Introducing the "Lulo Rose" an historic recovery at Lucapa's Lulo Mine in Angola - a 170 carat pink rough diamond - one of the largest pink diamonds recovered in 300 years.

Read all about it here:https://t.co/f36rUIdKGR pic.twitter.com/apkbyg0LtR

— Lucapa_Diamonds_LOM (@Lucapa_LOM) July 27, 2022

Republic of Angola