Industry News by Nemesis

More Than 130 Firms/Private Clients To Compete For Dynasty Collection At Auction

November 28, 2017


ALROSA is holding a silent auction for the sale of The Dynasty polished diamond collection on November 29.


More than 130 participants have already registered for the auction, including both firms and private clients.


The auction will be held via ALROSA's online trading platform. Polished diamonds are put up for auction individually. There will be one-step bidding, with the highest bid winning. Names of the participants are not disclosed. The reserve prices will be announced to the registered participants.


The international roadshow of The Dynasty for the potential clients lasted for three months. The collection has visited Hong Kong, Ramat Gan (Israel) and New York, ALROSA said.


Yury Okoyomov, ALROSA Vice President: said: "The Dynasty is the first branded polished diamond collection for ALROSA, which was widely known only as a mining company before. The collection gives a start to a new stage in the development of ALROSA's cutting division, DIAMONDS ALROSA. We finalized the international previews of The Dynasty, and now we are ready for the auction. Hundreds of industry and private clients reviewed The Dynasty collection during the roadshow. Their positive feedback and high level of interest confirm that we succeeded in manufacturing a unique and high-quality collection of polished diamonds."


The Dynasty collection consists of five diamonds and was produced from a 179-carat unique rough diamond named The Romanovs, which was mined from the Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia) in 2015. It took a year and a half to create the collection.


The Dynasty, the main 51.38-carat diamond, is a 57-facet traditional round brilliant-cut diamond, Triple Excellent (the best quality cut), D, VVS1 stone. Such characteristics occur in less than 1 percent of diamonds worldwide. It is the clearest large diamond ever manufactured in Russian jewelry history, and it is expected to be the most valuable stone ever sold.


Source: Idex

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