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Dutrowite was recently discovered in the Apuan Alps of Italy’s Tuscany region.
It will honor the legacy of the “tremendous contributions” the gemstone wholesaler made to the trade, the association said.
Sixth-generation jewelers Lita and Mike Asscher will serve as co-presidents of the Royal Asscher Diamond Company after his departure.
The 17.44-carat gem-quality yellow diamond is from the Verkhne-Munskoye deposit.
Recoveries included the 1,758-carat Sewelô diamond, which it is cutting in partnership with Louis Vuitton.
The company has a cautiously optimistic outlook for 2020 despite a down year in 2019 and various economic challenges, including coronavirus.
It’s the latest in a line of notable natural colored diamonds mined and cut by Alrosa.
The miner paid $7.8 million in a purchase and non-competition agreement with GemRock Company Ltd.
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