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.”
The Latest
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
Weekly QuizSep 03, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand AmbassadorThe British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.
CollectionsSep 03, 2026
Sydney Evan Celebrates 25 Years With 4 New CollectionsThe “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi SchemeNelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for YouCat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of AmericasArnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.
Events & AwardsSep 02, 2026
Emerald’s New Owner Introduces ‘Glitter in the Grove’The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.
AuctionsSep 01, 2026
UK Woman Uncovers Rare Patek Philippe Watch in Mom’s Jewelry BoxThe stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.
ColumnistsSep 01, 2026
Your Jewelry Marketing Has a Bridal ProblemEngagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.
MajorsSep 01, 2026
Kering Names New Pomellato, DoDo CEOsFormer Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.
MajorsSep 01, 2026
Anne Marie Shulman Joins GPA GlobalThe veteran luxury packaging executive was appointed to help the company grow its North American business.
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in EthiopiaThe labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.
Events & AwardsAug 31, 2026
Wisconsin Museum to Host Jewelry Exhibition“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry CollectionThe “Worn Well” collection is Catbird's take on classic men's jewelry.
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.
IndependentsAug 28, 2026
Day’s Jewelers Honored With 3 Workplace AwardsThe employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.
CollectionsAug 27, 2026
Pandora Expands ‘Talisman’ Collection as Lawsuit Continues The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.
CrimeAug 27, 2026
Customs Seizes Nearly 900 Pieces of Counterfeit JewelryThe package, intercepted in Indianapolis, contained fake Cartier, Tiffany & Co., and Van Cleef and Arpels jewelry.
IndependentsAug 27, 2026
Jessica McCormack to Open First West Coast StoreThe new location in Costa Mesa, California, marks the brand’s second store in the United States and fourth standalone location worldwide.
