Alrosa To Offer 242-carat Diamond At Dubai Auction

Russian diamond producer Alrosa is putting up for auction in Dubai on 22nd March a 242.31-carat gem-quality rough diamond, one of the largest gem-quality diamonds mined by the group since 2000.

The walnut-sized stone is intended to commemorate Alrosa’s 100th international auction of large diamonds. Viewings will be held at the Alrosa sales office in Dubai from 14th to 21th March.

Evgeny Agureev, Alrosa 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. Even when it is possible to put them on sale on the market, we prefer to cut and polish the diamond in-house before. Thus, today we are especially pleased to present this exceptional lot as part of our 100th international auction.”

Dubai viewings will also feature two outstanding diamonds 190.74 and 136.21 carats each and a range of notable diamonds over 10.8 carats.

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