A recently found Pink Diamond may be the largest recovered in 300 years

A rare pink diamond “Lulo Rose” has been unearthed in Angola and is claimed to be one of the largest ever recovered in the world.

The 170-carat precious stone is named "Lulo Rose" after being found at the Lulo. The Lulo alluvial mine is in Angola's diamond-rich Lunda Norte region, owned by Australia-based Lucapa Diamond Company. In this mine, stones are extracted from the riverbed. Lucapa said that the Lulo Rose is believed to be the biggest pink diamond recovered in the last 300 years. It is the fifth largest diamond ever discovered at the same mine. According to Lucapa Diamond Company, the Lulo Rose is the 27th diamond of 100 carats and above found in Lulo alluvial mine.

Angola is one of the top ten producers of diamonds in the world. According to the Gemological Institute of America, a California-based nonprofit researching gemology, only one in 10,000 diamonds found are colored. And this rare colored stone will be sold by Angola's state-owned diamond marketing company, Sodiam, via the international trader.

The two largest diamonds ever recovered in Angola were previously found at the same mine. The biggest was a 404-carat clear diamond. According to Lucapa, underground deposits or the mine's kimberlite pipes would be the primary source of the stones, and the company is searching for them.