Russian diamond miner Alrosa failed to sell the 51.38-carat centerpiece of the Dynasty collection, named The Dynasty Diamond, on an auction held November 29.
Four polished diamonds from the collection were sold “at an average premium of 30% to reserve prices”, Alrosa said, without disclosing either the buyers nor the prices. The highest premium was 52% over the reserve price. According to Alrosa VP Yury Okoemov, the final prices “confirms the high level of interest from the market […]”.
According to Gem Konnect, Alrosa’s strategy was “to evaluate the upper bound of the price range that might be offered to the market”, bringing the announced reserve prices “far above what was expected by the participants”.
As for the 51.38-carat Dynasty Diamond, Alrosa encountered “resistance” from buyers to the high asking per-carat price of the diamond, and the large stone was subsequently withdrawn from the sale.
Introduced by Alrosa in August 2017, the Dynasty is made up of five diamonds created from a 179-carat rough diamond named The Romanovs, and recovered from the Nyurbinskaya kimberlite pipe in Yakutia in 2015. The centerpiece of the collection, also named The Dynasty, is a 51.38-carat traditional round brilliant-cut diamond – “the purest of all large diamonds manufactured throughout the Russian jewelry history”, according to Alrosa. It was graded Triple Excellent, D, VVS1 by the GIA – the highest grades for each category.
The Dynasty Diamond has already “toured” Vladivostok, Hong Kong and Moscow, accompanied by the Director and VP of Diamonds ALROSA and a PR team from Alrosa. The diamond was presented to potential clients in Israel for four days in October, and then moved on to “tour” New York.
