Rare pink diamond mining in Angola will be valued at a world record, who can afford to buy it?

On July 27, a pink diamond weighing about 170 carats was discovered in a diamond field called Lula in Angola's Lynda Nortel region. The diamond's owner, the Australian company Lucas Diamonds, claims that it is probably the largest pink diamond found in the world in 300 years, bar none.

The estimated price of the diamond has not been announced yet, but from the news released by the industry, the final price of the pink diamond could be called a world record. Previously the largest diamond unearthed in the diamond mine weighed 404 carats and sold for $16 million, but that diamond was not a pink diamond, just an ordinary diamond. So how are diamonds formed? Why are diamonds so expensive? Today I will talk to you about the diamond that claims to last forever, forever.

How are the diamonds we usually see formed?

Diamond is an expensive ore, its essence is in fact very common on earth, is the element carbon. Today's science believes that billions of years ago, when the sun was first formed, the core produced hydrogen-helium fusion, and one of the products of that fusion was the element carbon. Therefore, our universe is very high in carbon. And then billions of years, the solar system planets are gradually formed, these carbon elements also with the gravitational effect gathered to the rocky planets, the planets inside the high pressure and high-temperature state, so that these carbon elements gradually formed a hard diamond.

At present we commonly have two kinds of diamonds, one is from the Earth's internal billions of years of formation of products, in the Earth's internal huge atmospheric pressure and thousands of degrees Celsius under the high temperature, this shape conditions must be 5 million times the pressure and high temperature of 1000 degrees Celsius added to the formation of a large number of diamonds; the other kind of diamonds are from meteorites, in the long history of the Earth, experienced a large number of meteorite impact The other type of diamond is from meteorites, in the long history of the Earth, experienced a large number of meteorite impact events, which not infrequently carry a large number of graphite meteorites hit the Earth, the impact of high temperature and pressure is also enough to make the graphite carbon elements into diamonds, but to point out that these diamonds are currently very rare on Earth, its price is also much higher than ordinary diamonds, it can be said that there is a market without a price.

Since diamonds are very common on Earth, why is it still so expensive?

The fact is that diamonds are not rare on Earth, and it can even be said that there are very much underground, so why are they still so expensive?

There are two reasons for this, but the biggest reason is still the hype of businessmen. In the 18th century, when diamonds were first discovered, it was widely believed that they were very rare gemstones, so the price was inevitably high. With the discovery of huge diamond mines in South Africa later, businessmen kept the price of diamonds from falling, so the idea of limiting the production of diamonds, and then the concept of diamonds and love bound up, this concept can be said to be the most successful advertising implant in human history, and now people have generally accepted the idea, wedding rings are almost all diamond rings, many ring stores are also limited to a pair of couples can only order a pair of Diamond rings, after years of publicity has also succeeded in stabilizing the price of diamonds.

Secondly, diamond mining is also more difficult, most of the diamonds on our planet are not on the surface, but hidden in deeper locations below the surface, these locations are often near the magma with a high temperature and pressure environment, and the current level of human technology is difficult to go to the area of large-scale formation of diamonds for mining, so today we are mining diamonds are in the vicinity of the surface of the diamonds, these diamonds are Billions of years with the geological movement, from the interior of the earth moved to the surface near, but even near the surface that is about 150 km deep below the surface, want to mine the cost and difficulty is also not low, so want to bring down the price of diamonds is also a difficult task.

So how much can this rare and rare pink diamond be auctioned off?

There is no way to know what the reserve price of this 170-carat diamond is, but sources claim that the diamond will soon be auctioned worldwide and that its price will likely be sold at a surprisingly record price.

For reference, the 404-carat diamond called "4th of February" found in the Lula diamond mine was sold for $16 million, but pink diamonds are more valuable than ordinary diamonds, and a 59-carat pink diamond captured at auction in Hong Kong in 2017 was sold for a smacking $71.2 million. The final price of a 59-carat pink diamond sold at auction in Hong Kong in 2017 was a staggering $71.2 million, which translates into as much as 480 million yuan, making it the most expensive diamond to date.

However, this time the "Lula Rose" pink diamond in terms of weight, clarity, and brilliance is more than the former, so its price is expected to be more than three times its price, who will finally become its new owner? Welcome to the comments section to interact with the author!