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The Romanov’s,  the 51.38-carat, D-color round stone, with VVS1 clarity that Alrosa described as the purest of all large diamonds manufactured throughout Russian jewelry history. (Photo courtesy of Alrosa)

ALROSA SELLS OFF THE CROWN JEWEL OF ITS DYNASTY COLLECTION

Russian diamond producer Russian giant Alrosa  has announced the sale by tender of the most important diamond in its Dynasty collection, a 51.38-carat, D-color round stone, with VVS1 clarity and no inclusions. Reportedly, total revenue from the sale came to $10 million.

The Dynasty collection was made up of five diamonds, all of which had been cut and polished from a 179-carat rough stone that had been recovered in 2015 from the Nyurbinskaya kimberlite pipe in the autonomous Republic of Sakha, or Yakutia as it is also known, in northeastern Siberia.

According to a press release, the company said that the 51.38-carat diamond “is the purest of all large diamonds manufactured throughout the Russian jewelry history” and the most expensive stone they have ever sold. It was called the Romanovs,  in honor of Russia’s former royal family.

FIRST EXCEPTIONAL GEM AUCTION USING ONLINE SYSTEM

The diamond had originally been scheduled to be sold with the other four stones from the Dynasty collection in November 2017, after completing a roadshow that took them to Hong Kong, Ramat Gan and New York.

It was the first auction of its type held using Alrosa’s online trading platform, where reserve prices are revealed only to registered participants. Ultimately, 51.38-carat stone was held back, but the other four were sold, among them a 16.67-carat round brilliant-cut diamond, which was the second largest in the collection by weight.

“For Alrosa it was the first experience of creating our own collection of diamonds, of a roadshow in different countries worldwide, and of the sale at an electronic platform,” said Sergey Ivanov, Alrosa’s CEO.

The Dynasty Collection, which included five diamonds cut and polished from a 179-carat rough stone  recovered in 2015 from the Nyurbinskaya kimberlite pipe in the Republic of Sakha. (Photo courtesy of Alrosa)

WINNING BID PLACED BY LARGE-STONE AFFICIANDOS

The winning bid for the 51.38-carat stone came came from the luxury firm Mouawad, which operates 20 stores across the Middle East, Asia, Switzerland and the United States.

Over the years Mouwad has reportedly purchased a range of exceptionally large and valuable gems, including the 245.35-carat Jubilee Diamond, the 135.92-carat Queen of Holland diamond, the 69.42-carat Taylor Burton and the largest D-color and internally flawless cushion shaped diamond, which weighed 218.08 carats.

It also has broken Guinness World records with creation of unusual bejeweled items. These include the 1001 Nights Diamond Purse, which is a heart-shaped bag set with 4,517 diamonds, which at the time it was created was valued at $3.8 million.

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