Alrosa's 242-carat Diamond to Fetch "Well Over $2m"

By John Jeffay / February 28, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Alrosa is to sell one of the largest diamonds it has recovered since 2000.It says the 242.31-carat gem-quality stone could fetch well over $2m.The rough stone will be offered for sale at the Russian state-owned miner's 100th auction of large diamonds, which will take place in Dubai on 22 March. Viewings are from 14 to 21 March.Two other notable diamonds- weighing 190.74-carats and 136.21-carats are also being sold.The 242.31-carat stone (pictured) which leads the sale measures 21.7x31.3x41.9 mm and is the largest rough diamond to be offered for sale in Dubai for five years.The opening price is over $2m, though according to Alrosa, expert estimates are far higher.Evgeny Agureev, Alrosa's head of sales, said: "Rough diamonds, which potentially allow for cutting a diamond larger than 100 carats, are extremely rare in nature. "Even less often such gems are traded. According to the law, all rough diamonds larger than 50 carats mined in Russia undergo a state examination for redemption to the state fund."

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok