Sourcing

Lucapa Says This 170-Carat Diamond Is the Largest Pink Found in 300 Years

SourcingJul 28, 2022

Lucapa Says This 170-Carat Diamond Is the Largest Pink Found in 300 Years

The type II diamond came out of the Lulo alluvial mine in Angola and will be sold via international tender.

Luanda, Angola—An alluvial diamond mine in Angola has yielded a 170-carat diamond said to be the largest pink diamond recovered in hundreds of years.

Lucapa Diamond Company Limited, Endiama E.P. and Rosas & Petalas, partners in operating the Lulo mine, announced the discovery Wednesday.

They’ve dubbed the stone “The Lulo Rose,” and claim it’s the largest pink diamond unearthed in 300 years, making its recovery a “significant day” for the Angolan diamond industry, said José Manuel Ganga Júnior, chairman of the board of Endiama, Angola’s state-run diamond company.

Lucapa said the last pink diamond to exceed the Lulo Rose in size was the rough that resulted in the 242-carat pink “Great Table Diamond,” which famous jeweler and traveler Jean-Baptiste Tavernier wrote about in 1642.

The Great Table did not survive.

According to Lang Antiques’ Antique Jewelry University, the diamond was involved in an “unrecorded accident” and had to be cut into two smaller stones, the 182-carat “Darya-ye-Noor” (also spelled “Darya-i-Noor”) and the 60-carat “Nul-ul-Ain.”

The Darya-ye-Noor is now part of the Iranian Crown Jewels and is currently held in the Central Bank of Iran in Tehran.

“The Lulo Rose” next to an 80-carat white diamond also mined at Lulo (Photo courtesy of Lucapa Diamond Company Ltd.)
“The Lulo Rose” next to an 80-carat white diamond also mined at Lulo (Photo courtesy of Lucapa Diamond Company Ltd.)

While the discovery of a 170-carat pink diamond is rare, The Lulo Rose is the 27th 100-carat-plus diamond recovered from Lulo since Lucapa and its partners began mining there in January 2015.

Lulo has produced Angola’s two largest diamonds on record, the biggest of which was the 404-carat “4th February Stone.”

Mined in February 2016, the Type IIa D-color stone sold the following month for $16 million, or nearly $40,000 per carat.

In a statement on the discovery of The Lulo Rose, Lucapa Managing Director Stephen Wetherall called the alluvial mine an “exceptional resource” that is “a gift.” 

“We are once again made very proud by yet another historic recovery,” he said. “We too look forward to our partnership progressing its exploration effort, where we are now bulk sampling the priority kimberlites, in search for the primary kimberlite sources of these exceptional and high-value diamonds.”

Lucapa said the company is not releasing any estimates on The Lulo Rose’s potential sale price. 

Sodiam E.P., Angola’s state-owned diamond marketing company, will sell the diamond via an international tender at a yet-to-be-determined date. 

 Related stories will be right here … 

The Latest

TrendsAug 05, 2022
Piece of the Week: Storrow Jewelry’s ‘Emblem Rosa’ Charm

The brand has attracted attention for its colorful, vintage-inspired pieces.

MajorsAug 05, 2022
Former Nike Executive Joins Team at David Yurman

Marcelo Tau is the company’s new chief operations officer.

Policies & IssuesAug 05, 2022
Satta Matturi Joins RJC Board

The jewelry designer founded her eponymous brand in 2015 after nearly two decades in the diamond industry.

Brought to you by
The American Mined™ Collection: Ethical Sourcing That Matters

Rio Grande provides a pathway to responsibly sourced gemstones.

Supplier BulletinAug 04, 2022
Unusual Jewelry Finds Eager Buyers In Online Auctions

Sponsored by HiBid

Weekly QuizAug 04, 2022
This Week’s Quiz
Test your knowledge of the latest jewelry news with this quick test.
Take the Quiz
WatchesAug 04, 2022
4 Takeaways from Chrono24’s Analysis of the Luxury Watch Market

The watch seller comments on future demand, how the crypto crash impacted Rolex and Patek Philippe pricing, the supply recovery, and more.

CollectionsAug 04, 2022
The Rest of De Beers’ 2022 High Jewelry Collection Is Here

It features fives sets of jewelry.

Brought to you by
Knowledge and Skills for Today’s Hot Topics

From laboratory-grown diamonds to design to country-of-origin, GIA's Alumni Collective™ has a seminar to suite your needs.

Lab-GrownAug 04, 2022
Lab-Grown Diamond Co. Plasmability Partners with HRA Group

Through the collaboration, HRA will exclusively cut, polish, and distribute Plasmability’s lab-grown diamonds in the market.

IndependentsAug 04, 2022
TJA to Offer ‘Texas Tours’ at Upcoming Round-Up Event

They include a tour of a museum’s gem collection and demonstrations of diamond cutting and polishing.

TechnologyAug 03, 2022
Tiffany Introduces CryptoPunk NFT Pendants

The limited-edition pendants, available in digital and physical form, retail for $50,000 and are exclusive to holders of CryptoPunks NFTs.

AuctionsAug 03, 2022
Elvis and Colonel Tom Parker’s ‘Lost’ Jewelry Coming to Auction

The sale includes pieces “The King” gifted to his longtime manager, as well as jewelry Elvis owned and wore on stage.

WatchesAug 03, 2022
Breitling’s Latest Ambassador Is an NFL Star

Trevor Lawrence is the quarterback for the Jacksonville Jaguars.

IndependentsAug 03, 2022
Day’s Jewelers Announces New VP of Merchandising

Julie Collins succeeds Kathy Corey in the role.

ColumnistsAug 02, 2022
Why Passing on Lab-Grown Diamonds Might Be a Risky Bet

Retailers would be wise to embrace this growing segment of the market instead of shunning it, Peter Smith writes.

SourcingAug 02, 2022
AGTA Names John Ford as Its New CEO

He’s the owner of The Lightning Ridge Collection but will pivot to focus on his new role.

TrendsAug 02, 2022
Marvel Debuts Gem-Set Infinity Gauntlet

East Continental Gems provided more than 150 carats of gemstones for the project.

SurveysAug 02, 2022
Consumer Confidence Falls for Third Month in July

Rising prices and interest rate hikes are expected to weigh on consumer spending and economic growth over the next six months.

TrendsAug 01, 2022
Amanda’s Style File: Peridot That Pops

To kick off August, Amanda Gizzi is sharing jewelry featuring the month’s OG birthstone.

CrimeAug 01, 2022
Joseph DuMouchelle Sentenced to 12 Years Behind Bars in $12M Fraud

The Michigan auctioneer and appraiser also has to pay restitution totaling $25 million for other victims of his fraud scheme.

MajorsAug 01, 2022
GIA Appoints First Vice President of Sustainability Programs

Johanna Levy will oversee the environmental, social, and governance programs.

EditorsJul 29, 2022
The Jewelry Industry Remembers Castro: A Complicated, Magical Designer

Before his sudden death last week, the designer had reached new creative heights.

SourcingJul 29, 2022
De Beers Sales Rise 23% YOY in July

Despite unusually high summertime sales, the company’s CEO said the industry remains “watchful.”

MajorsJul 29, 2022
Jewelers of America Elects 4 New Directors to Board

Joseph Corey, Krystle Craycraft, Sue Hopeman, and Sherry Smith will each serve three-year terms on the board.

TrendsJul 29, 2022
Piece of the Week: Zahn-Z Jewelry’s ‘Gem Pop’ Ring

A lab-grown ruby makes the perfect nostalgic treat.

Supplier BulletinJul 28, 2022
Local Jewelry Dealers Use Online Auctions To Find Bidders Worldwide

Sponsored by HiBid

FinancialsJul 28, 2022
Boucheron, Pomellato Deliver ‘Very Solid’ Performances for Kering

Revenue for the group that includes Kering’s jewelry brands grew 32 percent in the first half of 2022.

×

This site uses cookies to give you the best online experience. By continuing to use & browse this site, we assume you agree to our Privacy Policy