By: Eric Tian

A giant pink diamond has been found in Angola, South Africa. The 170-carat was the biggest diamond in 300 years. The diamond weighs 34 grams. They named the diamond Lulo Rose after the mine they found it in.

“This record and spectacular pink diamond recovered from Lulo continues to showcase Angola as an important player on the world stage,” said Diamantino Azevedo, Angola’s minister of LUCAPA DIAMOND CO. Menu mineral resources.

Pink diamonds are incredibly rare, and jewelry expert Joanna Hardy thinks that private buyers will likely be queuing up to try to own the rare gem.

Similar diamonds have been bought for tens of millions of dollars in the past, with one-known as The Pink Star – selling at an auction in Hong Kong for $71.2m in 2017.

Diamonds are made when carbon deposits approximately 90 to 125 miles below the surface within the earth are subject to high temperature and pressure. Some stones take shape in a matter of days or months, while others take millions of years to materialize.

The diamonds were raised to the surface when they formed in the Earth’s mantle. It was raised from ancient volcanic eruptions. This took place a really long time ago and forced the diamonds up quickly to the Earth’s surface, where they stayed.

Diamonds get their color from the chemical elements when they are in their formation progress. Like blue diamonds are made from boron, and yellow diamonds are made from nitrogen. People are not sure how diamonds get the color pink yet.

Now scientists can create diamonds in laboratories. Some people argue that it is a more environmentally way of creating diamonds than going to mines and digging the ground.