Largest Diamond Cut in Russia could Fetch $20m

By John Jeffay / May 09, 2021 / www.idexonline.com / Article Link

(IDEX Online) - The largest diamond ever cut in Russia is expected to fetch up to $20m at auction on Wednesday.The 100.94 carat emerald cut diamond, called the Alrosa Spectacle, has been graded by GIA as Type IIa, D color, IF.It was cut from a 207.29-carat rough stone unearthed in 2016 at the Zarnitsa kimberlite pipe in the Sakha Republic (Yakutia) - Russia's first ever diamond mine. The Diamonds of Alrosa factory, Moscow, spent a year and eight months preparing and cutting the stone."The emerald shape was chosen as it presented the perfect geometry of the diamond," said Christie's in a statement."Emerald cut is incompatible with any imperfections, as it allows the observer to gaze endlessly into the clear, unobstructed depths of the gem."The diamond (pictured) could fetch between $13.3m and $20m when it goes under the hammer at Christie's in Geneva.

Recent News

Smaller juniors still financed even in more cautious market

January 13, 2025 / www.canadianminingreport.com

Gold stocks shrug off equity market decline on metal gain

January 13, 2025 / www.canadianminingreport.com

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok