Russia's Most Expensive Diamond02

Russia’s Most Expensive Diamond

Dynasty – potentially the most expensive diamond manufactured in the history of Russia – is about to go on sale. It is hard to say how much the keenest buyer will have to shed to own this flawless piece, but the starting price is announced at the staggering $10 million.

Russian miner Alrosa announced the November auction of its rare collection of polished diamonds produced domestically, including the giant 51.38-carat gem. The large, traditional round-cut diamond, has a 2.5 cm (1 inch) diameter, making it equal in size to the visible part of a human eye. This makes it the first of such size and quality in the history of Russian jewelry.

The Dynasty Collection took a year and a half for Alrosa’s specialists to create. It consists of five polished diamonds from a 179-carat Romanovs rough diamond, extracted at one of the company’s mines in Russia’s far eastern Yakutia region in 2015.

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The collection pays homage to the Tsar Peter the Great, who built the city of St Petersburg, and the Romanov dynasty, which ruled Russia for 300 years. The name was chosen in line with Alrosa’s intention to revive the traditions and memory of renowned Russian jewelers famous for their craftsmanship and filigree since Russia’s first cutting and polishing factory founded by Peter I (the Great) early in the 18th century.

Alrosa and Anglo American’s De Beers unit auction for the first time auctioned polished stones this year, produce about half of the world’s rough diamonds.

Dynasty is the collection’s main 51.38-carat diamond with a 57-facet traditional round brilliant cut with triple excellent cut, D color and VVS1 clarity. No other diamond manufactured in Russia has come close to this size and quality and is expected to attract a lot of interest from potential buyers.