Push Admin

Russia's Alrosa to offer a rare 242-carat rough diamond at Dubai auction

Article (news)

Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/tvpatrol/02/23/gem-quality-stones.jpg"/><figcaption>An employee shows gem-quality stones, including a rare 242-carat rough diamond that will be offered at the 100th international auction of Russian state-controlled diamond producer Alrosa, during a presentation in Moscow, Russia on February 25, 2021. The diamond is one of the biggest gem-quality stones Alrosa has mined this century, the company said. Tatyana Makeyeva, Reuters</figcaption></figure></div><p>MOSCOW - Russian state-controlled diamond producer Alrosa will offer a rare 242-carat rough diamond - one of the biggest gem-quality stones it has mined this century - for sale at a Dubai auction on March 22, the company said on Friday.</p><p>The crystal-clear diamond is the size of a small egg. Alrosa, the world&#x27;s largest producer of rough diamonds, competes with Anglo-American unit De Beers.</p><p>&quot;Rough diamonds, which potentially allow for cutting a polished diamond larger than 100 carats, are extremely rare in nature. Even less often are such gems tendered,&quot; Evgeny Agureev, Alrosa&#x27;s head of sales, said in a statement.</p><p>Alrosa last offered a rough diamond of such a size at open auction five years ago. Russian law states that the miner must first offer its rough diamonds larger than 50 carats to the Gokhran state repository.</p><p>The diamond was held back until now to mark Alrosa&#x27;s 100th international auction.</p><p>The auction price will start from $2 million. </p><div><strong>FROM THE ARCHIVES</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/1-9Zq-mC0WA?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>MOSCOW - Russian state-controlled diamond producer Alrosa will offer a rare 242-carat rough diamond - one of the biggest gem-quality stones it has mined this century - for sale at a Dubai auction on March 22, the company said on Friday.</p>

MOSCOW - Russian state-controlled diamond producer Alrosa will offer a rare 242-carat rough diamond - one of the biggest gem-quality stones it has mined this century - for sale at a Dubai auction on March 22, the company said on Friday.