An Australian company has just announced 46 carats pink rough diamond. The company Lucapa is a diamond mining company being it's headquartered in Western Australia. It was mined in My arch and has been cut into 3 different stones including a 15.2 ct heart shape diamond.
The pink diamond was mined in Lulo Mine in Angola. Lucapa operates mining there alone side alongside the Angolan state diamond mining company, Empresa Nacional de Diamantes (Endiama), and private firm Rosas & Petalas.
The diamond s graded as VVS1 with intense orange-pink by GIA (Gemological Institute of America ). The other pieces are 3 e ct pear shape and 2.3 ct pear shape.
History of Pink Diamonds
The first pink Diamonds were unearthed at Lulo in 2014 with a 4ct pink piece. Quality-wise 46 ct is a huge rough pink diamond piece with such a gem-quality characteristic. Lucapa with its partner South Africa's Safdico cut and polished the pink diamond.
Stephen Wetherall, CEO Lucapa, added, “pink diamonds are rare and participate less than 0.1% of global diamonds production. After the closure of the famous Argyle underground mining in Australia, which was holding 90% participation of pink natural diamond, pink is becoming more rare and scarce.
"This bodes well for the sale of the 15.2-carat polished pink diamond and other diamonds derived from this unique value accretive polishing partnership."
Australia underground mine's last operation was on 3 November. There is no other mine that is producing heavy reserves about pink diamonds except it. Sone small quantities are discovered in Brazil, Russia, Botswana.