ALROSA’s Dynasty Collection Hits Auction Block Tomorrow (Nov. 29)

28/11/2017 16:48

On November 29, ALROSA is holding a silent auction for the sale of the unique polished diamond collection, The Dynasty. The Dynasty collection consists of five diamonds and was produced from a 179-carat unique rough diamond named The Romanovs, which was mined from Nyurbinskaya kimberlite pipe in the Republic of Sakha (Yakutia) in 2015. The main 51.38-ct diamond is a 57-facet traditional round brilliant-cut diamond, Triple Excellent (the best quality cut), D, VVS1. Such characteristics occur in less than 1% of diamonds worldwide. It is the clearest large diamond ever manufactured in Russian jewelry history, and is expected to be the most valuable stone as well.

More than 130 participants have already registered for the auction, which will be held at ALROSA's online trading platform. The diamonds will be auctioned separately by means of a one-step bidding process - the highest bid wins. The names of the participants are not disclosed, and the reserve prices will be announced to the registered participants. The international roadshow of The Dynasty for the potential clients lasted for three months, visiting Hong Kong, Ramat Gan (Israel) and New York.

Yury Okoyomov, ALROSA Vice President: "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 have reviewed The Dynasty collection during the roadshow. Their positive feedback and high level of interest confirm that we succeeded in manufacturing a unique and highest quality collection of polished diamonds". Watch the Dynasty video here.