Who will get to own the newly discovered Lulo Rose diamond? The 170-carat pink gem is such a rare find, the likes of Louis Vuitton or Graff could snap it up for US$100 million at auction

Jul 30, 2022

The Lucapa Diamond Company just announced the discovery of what they’re calling the Lulo Rose diamond. Photo: EPA-EFE/Lucapa Diamond

The Lucapa Diamond Company just announced the discovery of a rare, 170-carat pink diamond in its mine in Angola, and CEO Stephen Wetherall said it’s a one in 10,000 discovery

77 Diamonds’ Tobias Kormind explained the buyer is likely to be a consortium of several parties, and that it could break the record for the most expensive diamond ever sold

Believed to be the largest diamond discovered in 300 years, a pink diamond of 170 carats was recently mined in Angola in central Africa. Found at the Lulo alluvial diamond mine, the pink gemstone has been named Lulo Rose. The discovery was announced on July 27.

A 170 carat pink diamond dubbed the Lulo Rose was discovered at the Lulo mine in Angola’s diamond-rich northeast region. Photo: Lucapa Diamond Company/AFP

Stephen Wetherall, the CEO of the Lucapa Diamond Company, which owns the mine, announced that only one diamond in every 10,000 mined is pink, hammering home both the extreme rarity of the find in addition to its impressive size.