Johannesburg, A big pink diamond of 170 carats has been discovered in Angola and is claimed to be the largest such gemstone found in 300 years.

Called the “Lulo Rose,” the diamond was found at the Lulo alluvial diamond mine, the mine’s owning company announced today.

Stephen Wetherall, CEO of Lucapa, the company which owns the mine, said that only 10,000 diamonds are pink colored and this makes finding a large pink diamond something very rare.

The pink gemstone is expected to fetch a high value when auctioned.

The pink diamond is an impressive size but many clear diamonds are larger than 1,000 carats. The Cullinan diamond found in 1905 in South Africa in 1905 tips the scales at 3,106 carats, the Associated Press reported.

Source: Oman News Agency