Connect with us

RJ Market Watch

ALROSA Exhibits Largest Pink Diamond in Company’s History



ALROSA, the biggest diamond producer in the world, has conducted a media preview of the collection of large coloured diamonds, including unique pink, bright yellow and pink purple gems. The star of the show was a pink oval diamond weighing 14.83 carats – the largest pink diamond in the history of Russia. The gem it was cut from was mined in 2017 in the Ebelyakh deposit in Yakutia, Russia and became the largest pink diamond ever to be mined in Russia. In 2017 it was rated by the American journal The National Jeweler as the best discovery of the year. Before it was mined, ALROSA’s largest pink gem had weighed 3.86 carats.

“Pink diamonds among the blue ones are considered to be the rarest and most precious of all, and the size and clarity of this specimen makes it one of the best to be discovered anywhere in the world in recent years. I am sure that this diamond will be the most expensive in the history of Russia’s gem cutting industry,” said Yury Okoyemov, Deputy CEO of ALROSA.

The largest stone in the exhibition was a deep yellow asscher cut diamond, weighing 20.69 carats. It was cut from a raw crystal with a rare honey hue, which weighed 34.17 carats and was the largest yellow diamond mined in Russia in 2017.Pink and yellow diamonds will be soon transferred to GIA (Gemological Institute of America) for certification.

Among the other diamonds displayed in the collection, highlights included a pink purple cushion-shaped stone weighing 11.06 carats and recognized by the GIA (the Gemological Institute of America) as the largest of its colour in the world.

Yury Okoyemov: “The diamonds we are now exhibiting are completely unique, and each of them perfectly embodies the Russian art of gem cutting. And more than half of the several dozen coloured gems we are exhibiting today are large diamonds with fancy hues – the rarest and most beautiful type of diamond. To put it more clearly – out of every ten thousand natural jewellery-class diamonds mined, only one will be coloured, and large coloured diamonds are even rarer. According to market analysts, the average price for coloured stones has risen consistently by 12% a year over the last few decades. We calculate that the huge potential of its resources will very soon enable ALROSA to become the leader in the international market for coloured diamonds.”

Courtesy: Press Release

Latest News