Rare pink diamond mined in Angola is largest in 300 years

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A rare pink diamond mined in Angola which may be the largest in the last 300 years, according to Australian mining firm Lucapa Diamond Co.</p>
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The 170-carat stone from the Lulo alluvial mine has been named the “Lulo Rose,” the company and its partners said in an exchange filing on Wednesday.</p>
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The Angolan government, which is also a partner in the mine, welcomed the find.</p>
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"This spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage," Angola's Mineral Resources Minister Diamantino Azevedo said.</p>
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It will be sold through an international tender conducted by Angolan state-owned diamond trading firm Sodiam.</p>
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Coloured diamonds are rarer than colourless ones and have fetched record-breaking prices. The De Beers’ Cullinan blue diamond, for instance, was auctioned for about $57.5 million at Sotheby’s in Hong Kong in April.</p>