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Alrosa to sell 242 carat rough diamond at Dubai auction

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Russian state-controlled diamond maker Alrosa will offer an uncommon 242-carat rough diamond – one of the greatest diamond quality stones it has dug this century – available to be purchased at a Dubai auction on March 22, the organization said on Friday, February 26.

The crystal clear precious stone is the size of a little egg.

Alrosa, the world’s biggest maker of rough diamonds, rivals Anglo-American unit De Beers.

“Rough diamonds which conceivably take into consideration cutting a cleaned diamond bigger than 100 carats are very uncommon in nature. Indeed, even less frequently are such diamonds offered,” Evgeny Agureev, Alrosa’s head of deals, said in an explanation.

Alrosa last offered a harsh diamond of such a size at open auction five years prior. Russian law states that the excavator should initially offer its harsh diamonds bigger than 50 carats to the Gokhran state store.

The diamond was kept down as of not long ago to mark Alrosa’s 100th international sale.

The auction cost will begin from $2 million.

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