MajorsMay 09, 2024
Watches of Switzerland Pays $130M for Roberto Coin Inc.The deal gives the retailer control over the distribution of Roberto Coin jewelry in the U.S., Canada, Caribbean, and Central America.
SourcingDec 04, 2017
Alrosa’s Biggest ‘Dynasty’ Diamond Fails to Sell
But the other four diamonds in the collection found buyers.
Alrosa withdrew the 51.38-carat D VVS1 diamond with triple excellent cut called “The Dynasty” from its online sale last week after bids failed to match the reserve price. The Dynasty is one of five stones cut from a 179-carat rough diamond found in Russia in 2015.
Moscow--Alrosa sold four of the five diamonds cut from a 179-carat piece of rough and dubbed “The Dynasty Collection.”
However, the largest stone of the lot--a 51.38-carat D color, VVS1 diamond called “The Dynasty”--didn’t sell. The mining company said the stone, the highest-quality diamond of its size ever cut by Alrosa, was withdrawn from the sale because it did not receive a high enough offer.
Alrosa did not release individual estimates for the diamonds prior to the sale, though back in August, Pavel Vinikhin, who runs the cutting and polishing arm Diamonds Alrosa, told National Jeweler they placed the value of the entire collection around $10 million.
Following the stones’ sale, which took place online last week, Alrosa said neither the prices nor the buyers are being disclosed but noted that the four diamonds sold for an average of 30 percent more than their reserve prices.
The Orlovs diamond, a 5.05-carat oval
The second-largest stone in the collection, the 16.67-carat round brilliant Sheremetevs diamond
The 1.73-carat pear-shaped Vorontsovs diamond
The 1.39-carat oval-shaped diamond called The Yusupovs
Cut and polished in Russia from a 179-carat rough diamond mined in 2015 and dubbed “The Romanovs,” the stones in the Dynasty Collection ranged in size from 51 carats to 1.39 carats.
The four smaller diamonds that sold were: the 16.67-carat round brilliant Sheremetevs; the Orlovs, a 5.05-carat oval; the 1.73-carat pear-shaped Vorontsovs; and a 1.39-carat oval-shaped diamond called the Yusupovs. All four are D color, VVS1 stones.
The name of the collection, as well as the names of the individual stones, are all nods to the Romanov Era in Russia.
Alrosa heralded the cutting of the 179-carat stone into these five high-quality diamonds as “a start to a new stage in the development of Alrosa’s cutting division” for large white and colored diamonds.
The company said timing and terms for the auction of the final Dynasty diamond will be announced in the future.
More on Sourcing
The Latest
TrendsMay 09, 2024
Amanda’s Style File: Shine Bright, Moms Show your mother some love with a piece of fine jewelry.
IndependentsMay 09, 2024
Kyle Edward Fine Jewelry to Close Salisbury StoreThe company’s Easton location will remain open.
Brought to you by
From Registration to Return: 10 Tips to Protect You Before, During and After a TradeshowTradeshow risks are real. Get tips to protect yourself before, during and after and gain safety and security awareness for your business.
MajorsMay 09, 2024
JBT Elects New ChairmanBrian D. Fleming of Carla Corporation was elected to serve a one-year term in the role.
Weekly QuizMay 09, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
Supplier BulletinMay 08, 2024
Fusing Past and Present at the Las Vegas Antique Jewelry & Watch ShowSponsored by the Las Vegas Antique Jewelry and Watch Show
EditorsMay 07, 2024
Q&A: Author Vikki Tobak on the ‘Ice-Cold’ ExhibitionTobak, author of “Ice Cold: A Hip-Hop Jewelry History,” shares how the exhibition came to be, and the pieces people may be surprised to see.
Brought to you by
Rio’s Reimagined Podcast: For the Love of JewelersMeet Ben Claus—grand prize winner of For the Love of Jewelers 2023 Fall Design Challenge.
EditorsMay 07, 2024
10 On-Theme Looks from the 2024 Met GalaStars adorned themselves in emeralds, platinum, and myriad bird motifs, writes Associate Editor Natalie Francisco.
IndependentsMay 07, 2024
112-Year-Old New Orleans Business Popping Up in Aspen M.S. Rau is set to open a seasonal gallery in the high-end resort town early next month.
MajorsMay 07, 2024
Richemont Acquires Italian Jeweler VhernierThe branded jewelry market is thriving, said Richemont Chairman Johann Rupert.
CollectionsMay 07, 2024
These ‘Luminaries’ Are Set to Light Up CoutureThe six designers, all participants in the show’s Diversity Action Council mentorship program, will exhibit in Salon 634.
AuctionsMay 07, 2024
Sotheby’s to Auction Sylvester Stallone’s WatchesThe highlight of his collection is the coveted Patek Philippe Grandmaster Chime, which could sell for up to $5 million.
CollectionsMay 07, 2024
Phillip Gavriel Pays Tribute to Venice With New CollectionThe “Venetian Link” series modernizes the classic Veneziana box chain in its bracelets and necklaces.
Events & AwardsMay 07, 2024
JA Now Accepting Applications for New Bench Jeweler ScholarshipThe Seymour & Evelyn Holtzman Bench Scholarship will provide tuition assistance to two low-income students.
Policies & IssuesMay 06, 2024
Rolex Files Objection to Hallmark’s New Trademark ApplicationThe Swiss watchmaker said the company’s plans to use a new version of the Hallmark crown on jewelry would confuse consumers.
EditorsMay 06, 2024
Q&A: 8 Questions With Anglo American’s Benny Oeyen The executive talked about the importance of self-purchasers and how fuel cell electric vehicles are going to fuel demand for platinum.
MajorsMay 06, 2024
Malabar Gold & Diamonds Opens 4th U.S. ShowroomThe Indian jeweler’s new store in Naperville, Illinois marks its 350th location, part of its ongoing global expansion plans.
Events & AwardsMay 06, 2024
Ben Bridge Jeweler Accepting Applications for Lonia Tate ScholarshipIt will award a graduating high school student with about $10,000 toward a GIA diploma and an internship with the Seattle-based jeweler.
CrimeMay 03, 2024
Second Suspect Arrested in Murder of Colorado JewelerWheat Ridge, Colorado police took a 50-year-old man into custody Wednesday following a two-month search.
CollectionsMay 03, 2024
A Sneak Peek Into PGI’s Couture Platinum Spotlight ProgramPGI partnered with four new and seven returning designers for its annual platinum capsule collection.
MajorsMay 03, 2024
Kristie Nicolosi Joins WJA Board AgainNicolosi, president and CEO of The Kingswood Company, previously sat on WJA’s board from 2011 to 2018.
CollectionsMay 03, 2024
Piece of the Week: A “Bit of LUV” for the DerbyKarina Brez’s race-ready piece is a sophisticated nod to the horse-rider relationship.
CrimeMay 02, 2024
4 Indicted in Burglary Ring Targeting Indian, South Asian FamiliesThe men are allegedly responsible for stealing millions in jewelry and other valuables in 43 burglaries in 25 towns across Massachusetts.
CollectionsMay 02, 2024
Foundrae Launches ‘Horizon’ Collection“Horizon” invites individuals to explore the limitless possibilities that lie ahead, said the brand.
FinancialsMay 02, 2024
Pandora Raises Guidance After Strong Q1The jeweler credits its recent “Be Love” campaign and ongoing brand revamp for its 17 percent jump in sales.
IndependentsMay 02, 2024
Oklahoma Jeweler Glenn Lewis Dies at 68The co-founder of Lewis Jewelers was also the longtime mayor of the city of Moore.
