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Russia's Alrosa to offer a rare 242-carat rough diamond at Dubai auction
Russia's Alrosa to offer a rare 242-carat rough diamond at Dubai auction
Reuters
Published Feb 26, 2021 10:45 PM PHT
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
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.
The crystal-clear diamond is the size of a small egg. Alrosa, the world's largest producer of rough diamonds, competes with Anglo-American unit De Beers.
"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," Evgeny Agureev, Alrosa's head of sales, said in a statement.
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.
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The diamond was held back until now to mark Alrosa's 100th international auction.
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