Massive pink diamond discovered by Alrosa

Pink diamond
[Image Courtesy - Alrosa]

The rarity and uniqueness of colored diamonds has attracted miners and buyers alike. While Argyle diamonds mine in Australia is known as the largest producer of pink diamond, Alrosa isn’t so behind.

Recently, Alrosa unearthed a pink diamond weighing nearly 27.85 carats. It is likely to be the largest colored stone ever discovered in the company’s history. The diamond is claimed to be of gem quality and free from any inclusions. It was unearthed by Almazy Anabara, a subsidiary of Alrosa with a diamond mining operation in northeast Russia, in Republic of Sakha (Yakutia).

Previously, the largest rough pink diamond mined by Alrosa was just nearly 3.86 carats. It was discovered in 2012, before and after which only 3 other pink diamonds were discovered by the company, weighing not more than 2 carats.

With dimensions of 22.47 x 15.69 x 10.9 mm, this precious stone is being assessed whether it should be auctioned as a rough or as a polished diamond.

Evgeny Agureev, head of Alrosa’s United Selling Organisation said, “Large stones, especially colored, are always in demand at auctions. But if the company decided to cut it, it would become the most expensive diamond in the entire history of Alrosa.”

In 2016, ‘Unique Pink’, an extremely rare, pear shaped pink colored diamond was sold for USD 31.6 million. This year in April, ‘Pink Star’, a 59.9 carat pink diamond was sold at USD 71 million at Sotheby’s auction in Hong Kong. Discovered by De Beers back in 1999, it was only sold this year after a failed attempt three years back. These trends show the high prices at which colored diamonds are usually bid for.

Alrosa is expecting a higher price for its quality, making it the most expensive stone in the company’s history.

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