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Alrosa Discovers Largest Pink Diamond In Company’s History

Kitco News

Image Courtesy of Alrosa

(Kitco News) - The world’s top diamond producer by output has just made history.

Alrosa (MCX:ALRS) revealed that it unearthed a massive pink diamond, which is likely to be the most expensive precious stone in the company’s collection.

The pink 27.85-carat rough diamond was discovered in Russia’s Far East, the company said in a statement. “The pink stone is of gem-quality and almost free of inclusions,” Alrosa said.

The precious stone’s dimensions are 22.47 x 15.69 x 10.9 mm.

The diamond is the largest to have ever been discovered by Alrosa. The biggest pink diamond uncovered prior to this one weighed less than 4 carats.

"The unique characteristics of the diamond make it an extraordinary, rare stone of high value,” said Evgeny Agureev, head of Alrosa’s United Selling Organization.

The company is still trying to decide whether to auction off the discovery as a rough or a polished diamond.

“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,” Agureev added.

Colored diamonds usually get a very high bidding price at auctions. In April, a breathtaking 59.6-carat diamond known as the Pink Star was sold for a record price of $71 million at a Sotheby’s auction in Hong Kong, following a failed attempt to sell it three years ago. 

The Pink Star was discovered by De Beers at a mine in Africa in 1999, which was then cut over a period of two years. The diamond’s sale beat the previous record, which was held by Oppenheimer Blue — sold for $50 million over a year ago.

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