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.

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

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.


When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The retailer is bringing Rolex Certified Pre-Owned watches to five U.S. cities in 2026 for collectors to see, try on, and purchase.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

The jewelry retailer is zeroing in on Zales, Jared, Kay Jewelers, and Blue Nile as it looks to create unique brand identities for each.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

Sotheby’s has appointed the former Phillips executive as its global head of private sales and retail in its watches division.

A private collection of five Paraíba tourmalines also will be up for sale at Sotheby’s High Jewelry auction in New York, scheduled for June 16.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

The show started by honoring Mildred Marcano, ended with a tearful Beth Anne Bonanno, and recognized a dozen-plus designers in between.

The revamped online diamond marketplace will feature pricing intelligence and data-driven tools for more efficient buying and selling.

The miner said demand for higher-quality emeralds is stable, but there is notable caution in the market.

The “River of Heaven” necklace, our Piece of the Week debuting at Couture, combines 26 salt and pepper diamonds spaced by Tahitian pearls.

This year’s inductees include second-, third-, and fourth-generation jewelers.
























