SWITZERLAND-AUCTION-LUXURY-JEWELLERY
A picture taken on November 6, 2020 in Geneva shows the The Spirit of the Rose a rare 14.83 carats vivid purple pink diamond during a press preview ahead of sales by Sotheby's auction house. - The exceptional ball-sized pink gem, shaped from the largest rough pink diamond ever discovered in Russia, will be offered in Geneva on 11 November by Sotheby's, which estimates it at between 23 and 38 million dollars.
(Photo : Photo by FABRICE COFFRINI/AFP via Getty Images)

Rare and one of the most awaited, as experts would describe it. Miners in Angola have uncovered a massive pink diamond that may be the biggest gem of its kind, found in the past 300 years.

Largest Pink Diamond

According to the latest news from both local and international news media website which also include the ABC News outlet, the pink diamond, which was discovered recently is estimated to weigh 170 carats, making it just a smidge smaller than the 182-carat Daria-i-Noor diamond, making it the largest pink diamond in the world, which today is part of the Iranian National Jewels.

The new diamond has been nicknamed the Lulo Rose, after the Lulo mine in northeastern Angola where it was found, according to a statement from the Lucapa Diamond Company, which owns Lulo and one other diamond mine in Angola that was sent to Live Science news agency.

As of 2015, the Lulo venture has discovered 27 diamonds measuring over 100 carats, along with Angola's biggest diamond, the 404-carat 4th February Stone, which auctioned for $16 million in 2016. The Lulo Rose, the fifth-largest gemstone discovered at Lulo, is presumed to fetch even more money.

Pink diamonds are uncommon, and experts are yet unsure regarding the phenomena that provides these gems their rose tint. Miners in South Africa discovered an unpolished 132-carat pink diamond in 1999, which was subsequently christened The Pink Star.

For over two years, professionals gradually polished and crushed the diamond into a 59-carat diamond, which sold for around $83 million at market in 2013, marking the highest valuable diamond yet marketed.

As per the comment, the Lulo Rose would as well have to be trim off the from its preview mode, which might expressly consequences in its load declines by lowering the interfacial tension. Even though the Lulu Rose is whittled down to 85 carats, the vibrant pink diamond appears poised to break its own total revenue.

Homo sapiens have already been gathering and exchanging diamonds as of 2500 B.C., according to Live Science. For thousands and thousands of years, their brilliant look and extraordinary uniqueness made them a sought-after luxury item that might simply have been afforded by the richest people in the world, CNN Edition reported.

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Lulo Rose Gemstone from Angola

Just before carbon reserves are subjected to the tremendous solar radiation and pressures of the interior Earth, gemstones grow far deep into the earth - generally 100 miles (160 kilometers) or further under the ground atmosphere.

A few other gemstones may be discovered after seismic activity; however, the majority are discovered nowadays during extraction activities across the globe, the media site - NBC News updated.

As shown in a review published in 2018 by the nonprofit Human Rights Watch, roughly 90 million carats of rough gemstones are extracted for gold jewelry in a yearly basis, actually creating over than $300 billion in sales nationally and internationally; nevertheless, circumstances for resource extraction precious gems are quite often extremely dangerous, and the job market has been affiliated with the dispersion of Indigenous citizens, exploitation of workers, environmental damage, and crimes against humanity.

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