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Massive 242-carat Russian diamond heads to auction block

You’ll want deep pockets to bid on this bling.

A large 242-carat diamond is heading to the auction block subsequent month in Dubai. The bidding begins at greater than $2 million.

Russian state-controlled diamond producer Alrosa, the world’s largest producer of tough diamonds, is providing up the gem at its 100th worldwide auction in Dubai on March 22.

The crystal-clear tough diamond is about the identical dimension as a small egg, making it one of many largest stones Alrosa has mined this century, the corporate stated.

“Tough diamonds, which doubtlessly permit for reducing a sophisticated diamond bigger than 100 carats, are extraordinarily uncommon in nature. Even much less typically are such gems tendered,” Evgeny Agureev, Alrosa’s head of gross sales, stated in a press release.

An employee handles a rare 242-carat rough diamond.
An worker handles a uncommon 242-carat tough diamond.
REUTERS/Tatyana Makeyeva

The diamond was mined greater than a decade in the past, however underneath Russian legislation, diamonds bigger than 50 carats should first be supplied to the nation’s state-owned repository.

The auction comes months after an “extremely uncommon” 14.eight carat purple-pink Russian stone was auctioned off for greater than $26 million.

An employee handles the rare 242-carat rough diamond.
An worker handles the uncommon 242-carat tough diamond.
REUTERS/Tatyana Makeyeva

Giant diamonds mined in Asia nonetheless pale in dimension to jewels which are unearthed in Africa.

The world’s largest diamond — a 3,106-carat Cullinan — was present in South Africa in 1905.

With Publish wires

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Donna Miller

Donna is one of the oldest contributors of Gruntstuff and she has a unique perspective with regards to Science which makes her write news from the Science field. She aims to empower the readers with the delivery of apt factual analysis of various news pieces from Science. Donna has 3.5 years of experience in news-based content creation, and she is now an expert at it. She loves journalism, and that is the reason, she moved from a web content writer to a News writer, and she is loving it. She is a fun-loving woman who has very good connections with every team member. She makes the working environment cheerful which improves the team’s work productivity.

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