'Lulo Rose' is heading to auction and will likely fetch millions.
, an internally flawless 59.6-carat pink diamond that sold for a record $83 million in 2013. Lucapa’s managing director Stephen Wetherall has not provided an estimate of Lulo Rose’s worth as the diamond is still being examined and valued.
“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage for diamond mining and demonstrates the potential and rewards for commitment and investment in our growing diamond mining industry,” Diamantino Acevedo, Angola’s minister of mineral resources, petroleum and gas, said in a statement.With a staff of 400, Lulo is an alluvial mine where stones are recovered from the river bed.
Lacapa’s Mothae mine in Lesotho, meanwhile, began commercial production in 2019 and already accounts for $35 million in diamond sales. The company is now looking at other “priority kimberlites” in the hopes of finding more exceptional, high-value diamonds. Only time will tell.
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