RapNet


Rapaport News

 

Polished Markets

 
Rapaport Broadcast
Martin Rapaport’s Webinar on Estate Jewelry
October 30 2019

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

11ct. Purple Expected to Fetch Over $10M

M&B Limited originally purchased the record-breaking stone from Alrosa.
May 15, 2019 9:38 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Hong Kong-based M&B Limited expects to sell a record-setting purple diamond for more than $10 million, after buying the stone from Alrosa. 

The cushion modified brilliant-cut, 11.06-carat diamond is the largest fancy-deep-purple-pink stone the Gemological Institute of America (GIA) has examined, according to the August 2018 grading report. Alrosa originally debuted the gem as part of its “True Colour” collection in September at the Hong Kong Jewellery & Gem Fair. M&B bought it at tender in Moscow about two months ago, Roi Sheinfeld, managing partner of M&B Limited, told Rapaport News Wednesday.

M&B will preview the stone to customers by appointment only at its M&B Private Jewelers retail shops in Hong Kong and Singapore. While Sheinfeld chose not to reveal the stone’s purchase price, he expects the sale to yield more than $10 million, depending on the design.

“As it’s one of a kind…we will exhibit it as [a] polished loose diamond,” Sheinfeld added. “The client [who] buy[s] it will have the privilege [of sitting] with our design team and [creating] a one-of-a-kind bespoke piece.”

Image: The 11.06-carat diamond (top), and the Alrosa sales brochure for the stone (right). (M&B Limited)
Tags: Alrosa, Gemological Institute of America, GIA, Hong Kong Jewellery & Gem Fair, M&B Diamonds, M&B Private Jewelers, Purple Diamond, Rapaport News, Roi Sheinfeld, True Colour
Similar Articles
GIA Susan JacquesJVC Honors GIA CEO Susan Jacques
Jan 20, 2020
The Jewelers Vigilance Committee (JVC) has presented Gemological Institute...
Bonhams Expands Global Jewelry Team
GIA Suspends Sealing Service
Rapaport Weekly Market Comment
AntwerpBelgium Shipments Hit 10-Year Low
Jan 16, 2020
Belgium’s diamond trade declined in 2019 as excess supply led to slower...
GIA Advertises Origin Reports in Times Square
India’s Polished Exports Slump in 2019
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us