Alrosa Sells 51ct. Dynasty Diamond

RAPAPORT... Alrosa sold the 51.38-carat Dynasty diamond at auctionThursday, the most expensive stone in the miner's history. The round, D-color, VVS1-clarity, triple-Ex stone (pictured) wasoriginally the centerpiece of a five-stone collection the company cut andpolished from one large stone. The entire collection - which bears the samename as the main stone - fetched approximately $10 million combined. Thecompany did not disclose the 51-carat diamond's selling price. The main diamond - which, Alrosa said, is the purestlarge stone that anyone has manufactured in Russia - went up for auction on thecompany's online platform last week. The buyer was the Mouawad Group, a jewelryand watch design company known for creating diamond lingerie sets worn byVictoria's Secret Angels at its runway shows. "What attracted us to the Dynasty is not only its exceptionalquality, but the transparency of its history, and the fact that it's thelargest and most valuable diamond ever sold by Alrosa," Fred and Pascal Mouawadsaid Friday. "It is a rare gem with a remarkable record." The other four stones in the collection sold at an auctionin November, averaging 30% higher than their reserve price. However, Alrosawithdrew the Dynasty from that auction as it failed to fetch the price the miner was looking for. "We are happy to announce the successful sale of the wholeDynasty collection," said Sergey Ivanov, CEO of Alrosa. "For Alrosa, it was thefirst experience of creating our own collection of diamonds, of a road show indifferent countries worldwide, and of the sale at an electronic platform."