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Alrosa Expects Big Pay Day from Pink Diamond

Stone will be most expensive in miner’s history, if the company decides to cut and polish it.
Sep 24, 2017 4:58 AM   By Rapaport News
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Alrosa has recovered the largest pink rough diamond in its history, and said it could fetch a record selling price for the Russian miner.

Alrosa’s United Selling Organization (USO) and polishing division Diamonds Alrosa are examining the 27.85-carat stone to decide whether to auction it in its original rough form, or to cut and polish it, the company said in a statement Thursday. The diamond is gem-quality with almost no inclusions, it added.

Alrosa’s previous record for a pink rough diamond was 3.86 carats for a stone it found in 2012. The company has only found three other pink diamonds of 2 carats or higher in the past eight years.

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

Both of Alrosa’s two largest pink diamonds were discovered by its subsidiary Almazy Anabara, whose deposits are responsible for most of the miner’s colored diamonds. Alrosa finds a colored diamond over 10 carats about once a year, it said.
Tags: Almazy Anabara, Alrosa, colored diamonds, Diamonds Alrosa, Evgeny Agureev, mining, Pink diamonds, Rapaport News, Rough Diamonds, Russia, United Selling Organization, USO
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