'Lulo Rose': 170-carat pink diamond discovered in Africa said to be largest found in 300 years

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'Lulo Rose': 170-carat pink diamond discovered in Africa said to be largest found in 300 years
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'Historic' recovery: Only one in 10,000 diamonds found are colored, experts say.

A 170-carat pink diamond discovered in Angola may be the largest such gemstone found in 300 years, according to Australian miner Lucapa Diamond Company.

Only one in 10,000 diamonds found are colored, according to Stephen Wetherall, managing director of the Lucapa Diamond Company. The pink gemstone is expected be auctioned by the Angolan state diamond marketing company, Sodiam. Wetherall declined to give an estimate of its worth because the diamond is still being examined and valued.

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