SourcingMar 31, 2021
Gemfields Reports $93M Loss in 2020 Amid Coronavirus Pandemic SourcingApr 01, 2021
3 Rough Auctions Total Nearly $24M for Alrosa
The sales included the 242-carat rough diamond that could yield a polished diamond worth as much as $8 million.
This 242.31-carat rough diamond was one of three large stones Alrosa sold at its Jubilee Auction #100 in Dubai in March.
Moscow—Alrosa held three rough diamond auctions this spring that garnered a total of $23.9 million.
The Jubilee Auction #100—the 100th sale of special-size (10.8 carats and up) diamonds in the miner’s history—took place in Dubai and featured three big diamonds weighing 136.21 carats, 190.74 carats and 242.31 carats.
Alrosa told National Jeweler last month that it recovered the 242-carat diamond from the Nyurbinskaya kimberlite pipe in Yakutia in 2009 and has been holding onto it ever since.
It is the most significant rough diamond Alrosa has offered for sale in five years, with the opening price set at $8,900 per carat (about $2.2 million total).
William Goldberg President Saul Goldberg estimated the rough stone could yield a polished diamond between 70 and 80 carats that could sell for as much as $8 million.
Last week, Alrosa announced all three diamonds sold for $7.7 million to three companies from India and the United Arab Emirates after 26 rounds of “active bidding” that lasted nearly seven hours.
It did not break down the sale price of each stone.
Related stories will be right here …
The Jubilee Auction #100—the 100th sale of special-size (10.8 carats and up) diamonds in the miner’s history—took place in Dubai and featured three big diamonds weighing 136.21 carats, 190.74 carats and 242.31 carats.
Alrosa told National Jeweler last month that it recovered the 242-carat diamond from the Nyurbinskaya kimberlite pipe in Yakutia in 2009 and has been holding onto it ever since.
It is the most significant rough diamond Alrosa has offered for sale in five years, with the opening price set at $8,900 per carat (about $2.2 million total).
William Goldberg President Saul Goldberg estimated the rough stone could yield a polished diamond between 70 and 80 carats that could sell for as much as $8 million.
Last week, Alrosa announced all three diamonds sold for $7.7 million to three companies from India and the United Arab Emirates after 26 rounds of “active bidding” that lasted nearly seven hours.
It did not break down the sale price of each stone.
Alrosa’s other two recent rough diamond auctions garnered a total of $16.2 million.
An online auction that included the option to see the goods in-person in Dubai amounted to $5.5 million, with 14 companies from Belgium, Israel, India and the UAE buying 30 lots weighing a total of 625 carats.
An in-person auction of special-size diamonds held in Antwerp fetched $10.7 million, as 25 companies from Belgium, India and Israel acquired 132 lots weighing more than 2,200 carats.
“It is fitting that we are [seeing]this interest at this very moment, one year after diamond auctions and diamond trade as a whole were frozen,” by the coronavirus pandemic and resulting lockdowns, said Alrosa Deputy CEO Evgeny Agureev.
“This is the best evidence that the diamond industry has successfully passed through unprecedented challenges and proved its resilience.”
More on Sourcing
The Latest
Events & AwardsMay 22, 2026
Instore Buys JA New York ShowThe deal closed this week, which means Instore will produce the JA NY show slated to take place this fall.
FinancialsMay 22, 2026
Richemont’s Jewelry Brands Lead the Charge in Q4The company’s jewelry sales were up in Q4 and the fiscal year, with Richemont raising prices in part because of the cost of gold.
CollectionsMay 22, 2026
Leigh Maxwell Celebrates 5 Years at Couture With ‘Bauble’ CollectionThe “Bauble” capsule collection of colorful one-of-a-kinds includes our Piece of the Week, the “Bauble” earrings, featuring rose zircon.
Brought to you by
All Eyes on Gold Prices. Alternatives to Look For. And What to BEWARE of in VegasAs gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.
MajorsMay 22, 2026
Stuller’s New Packaging, Display Catalog Is Out The updated catalog has a newly dedicated section for gift wrapping.
Weekly QuizMay 21, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
PodcastsMay 21, 2026
Episode 5: Sotheby’s Frank Everett Puts the Auction Market in PerspectiveEverett covers colored stones’ surging popularity, the mellow return of the “Mellon Blue,” and his “The Devil Wears Prada” doppelgänger.
IndependentsMay 21, 2026
Springer’s Jewelers’ New Flagship Will Serve Next-Gen Luxury ShoppersFourth-generation CEO Lilly Mullen wants to emphasize experience, connection, and personalized service.
Brought to you by
How Modern Training Is Becoming a Competitive Advantage for Jewelry RetailersWith the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.
Events & AwardsMay 21, 2026
JA Announces Nina Pugliese Memorial ScholarshipThe new award, created in partnership with Henne Jewelers, honors the late designer’s legacy through supporting jewelry education.
CrimeMay 20, 2026
NYPD Warns of Jewelry Swap Scams Targeting SeniorsThe NYPD is warning elderly New Yorkers to keep their jewelry hidden when walking outside to avoid being a target.
IndependentsMay 20, 2026
Adornment & Theory’s New Store Feels Like Home Designer Viviana Langhoff has realized her dream of owning a space for her Chicago jewelry store that looks and feels like her brand.
Events & AwardsMay 20, 2026
Here Is Couture’s 2026 Education Lineup The sessions will run from Friday, May 29, to Sunday, May 31, with one being a live taping of an episode of Couture’s podcast.
Lab-GrownMay 20, 2026
Savannah Friedkin Jewelry Names New CEOFormer Stephanie Gottlieb Fine Jewelry executive Morgan P. Richardson is joining the lab-grown diamond jewelry brand.
WatchesMay 19, 2026
Here’s the AP x Swatch Pocket Watch That Caused PandemoniumThe $400 pocket watch is a blend of Audemars Piguet’s iconic eight-sided Royal Oak and Swatch’s unserious Pop watches from the ‘80s.
CollectionsMay 19, 2026
Chris Ploof’s New Collection Makes an Ancient Metal ModernWith gold prices on the rise, the “Modern Electrum” collection uses an alternative, non-tarnishing metal alloy composed of gold and silver.
IndependentsMay 19, 2026
Ellen and Michael Fruchtman Retire, Sell Marketing Agency Fruchtman Marketing has new owners, Erin Moyer-Carballea and Manuel Carballea, and will relocate to Miami.
ColumnistsMay 19, 2026
Peter Smith: The (Mostly) Immutable Sales TruthsIn a column for the 2026 State of the Majors issue, Smith lists 10 time-tested principles about sales that still ring true.
ColumnistsMay 18, 2026
Edahn Golan: What a K-Shaped Economy Means for Fine JewelryIn a column for the 2026 State of the Majors issue, Golan spells out how the growing economic divide in the U.S. is reshaping the market.
CollectionsMay 18, 2026
Foundrae’s New Collection Taps Into JoyThe “Limitless Expansion of Joy and Hope” collection evokes summer through colored gemstones and motifs of butterflies and florals.
CollectionsMay 18, 2026
Hancocks London Acquires Historic ‘Inchiquin’ EmeraldThe jewel, circa 1890, is from the late Victorian era and was owned by descendants of the last high king of Ireland.
Events & AwardsMay 18, 2026
Here Are the 2026 JCK Industry Fund Grant Recipients This is what the nine recipients plan to do with the funds.
AuctionsMay 15, 2026
American Collector Ponies Up Almost $17K for John Wayne’s RingThe Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
Events & AwardsMay 15, 2026
JA, MJSA To Sponsor Roundtable at TJSThe discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.
AuctionsMay 14, 2026
White Diamonds Lead Sotheby’s Auction, Blue Diamond Does Not SellA matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.
Supplier BulletinMay 14, 2026
A Diamond Is Forever Continues Desert Diamonds – Bridal ReinvigoratedSponsored by A Diamond Is Forever
SourcingMay 14, 2026
State of Colored Stones: The Spirit of Young American Gemstone CuttersThe next generation of lapidarists are entrepreneurial, engaged online, and see the craft as a means for artistic expression.
AuctionsMay 14, 2026
‘Ocean Dream’ Makes Waves at Christie’s, Fetching $17MIt was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.
