Login

De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

Yesterday

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

Yesterday

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

Yesterday

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

Yesterday

DTCB plans to sort and value non-De Beers stones

Diamond Trading Company Botswana (DTCB) is looking into the possibility of taking diamonds from non-De Beers mines for sorting and valuing, Weekendpost quoted DTCB Managing Director Tobake Kobedi as saying.

Yesterday

Last week ALROSA introduced a unique collection of diamonds named ‘The Dynasty’ manufactured at its cutting and polishing facilities

10 august 2017

The media preview of The Dynasty collection was held at the Moscow Four Seasons Hotel located near the walls girdling the Kremlin. All the five top quality diamonds in The Dynasty collection were manufactured by the cutters and polishes of Brillianty ALROSA, a cutting and polishing division of ALROSA Group, from a 179-carat rough diamond recovered from the Nyurbinskaya kimberlite pipe in Yakutia in 2015. The Romanovs, a unique rough diamond, was a good reason to choose the name for the collection, which is connected with ALROSA’s intention to revive the traditions of the renowned Russian cutting and polishing art and to keep the memory about the Russian jewelers famous for their craftsmanship since the first cutting factory founded by Peter the Great in the early 18th century.
 
Each of the five diamonds is named after the dynasties that played a crucial role in the development of the Russian jewelry. The Dynasty, the main 51.38-carat round diamond is a 57-facet traditional one, Triple Excellent, D colour, VVS1 clarity, and as to its overall characteristics, it is one-of-a-kind in the history of Russia. It is emphasized in the company’s press release, that it is the best clarity diamond and most expensive one ever cut in our country.

dynasty.jpg

The second largest 16.67-carat round diamond was named The Sheremetevs. The Orlovs diamond is a 5.05-carat oval one. The Vorontsovs diamond is a 1.73-carat pear-cut polished stone. The Yusupovs is a 1.39-carat oval diamond.

sheremetevy.jpg

The collection was unveiled in St.Petersburg, at the Faberge Museum, which is symbolic in its way. In Moscow, Sergey Ivanov, President of ALROSA, and Pavel Vinikhin, Director of the company’s cutting subsidiary Brillianty ALROSA, presented the collection at the media previewing.

Pointing to the unique character of the collection, Sergey Ivanov said, “It took a year and a half to create the collection, but the result was worth it: we have obtained amazing quality diamonds. And the main diamond, The Dynasty, has become the highest clarity one among the largest diamonds polished throughout the history of jewelry art in our country. The whole collection was certified by the Gemological Institute of America (GIA) to confirm its unique characteristics. Less than 1% of diamonds in the world have such characteristics as the Dynasty’s D color and VVS1 clarity. And such characteristics of polished diamonds obtained from one rough diamond are exceptional.” Summing up at the viewing event, the diamond miner’s president called the collection “a chef d'oeuvre of Russian polishers” thereby highly appreciating the craftsmanship of the Brillianty ALROSA company that went through the entire process of turning a rough diamond into a polished one – from the computer-aided planning to cutting and polishing. 

Pavel Vinikhin, Director of Brillianty ALROSA, noted that the creation of The Dynasty collection was of great importance and was “a new stage in the development of the ALROSA’s cutting subsidiary” that will actively develop polishing of extra-large and colored diamonds. "The work on The Dynasty demonstrated that we can do it at the highest level. We work a lot on the process, combine modern technologies with the know-how of the jewelers of the Russian Imperial Court. And we expect that the revival of their traditions will be a worthy contribution to the promotion of the Russian jewelry stones’ brand in the global market."

The $10 mln worth of polished diamond collection (initial valuation) will be displayed in September in Israel, in October in Hong Kong, then in the USA and after all the shows it will be sold at the auction.  The auction will be held on the online site of the ALROSA Group (to take part in the auction you are welcome to apply on the special collection’s website dynasty.alrosa.ru) and it will launch the online sales of the diamonds on the company’s website).
Sergey Ivanov, the recently appointed president of ALROSA, told the representatives of the industry media about the latest achievements of ALROSA, its cutting and polishing operations in Moscow and Barnaul, about the government’s decision to cut and polish very large diamonds recovered at the company’s mines and also answered the questions about the company’s production and sales expectations. “Right now, we are taking the decision on the development strategy of our subsidiary, Brillianty ALROSA, and we see that it is possible to maximise the value of the cutting operations, also via the cutting of unique and colour stones, so I am sure that this venue will be further used to sell unique stones,” he said. The President of ALROSA assured those attend that upon the approval of this strategy in a month or two, the plans would be released.

In the press release on this event, it is also mentioned that the rough diamonds at the Nyurbinskaya pipe are estimated to be 365-390 years old. It also says that over the last 25 years, not a single polished diamond could come near to The Dynasty diamond in the clarity and colour characteristics. The 80.59-carat polished diamond Zvezda Viluiska (the Star of Viluisk) sold this year at the Diamond Week in Israel was the largest round polished diamond manufactured by the Brillianty ALROSA company. Its clarity and colour characteristics, however, cannot compare with those of The Dynasty. Moreover, the ALROSA 52.26-carat pear-cut diamond was sold in spring 2015 (this cut is less valuable than the classical round one). The rough diamond used to make this polished one was also extracted at the Nyurba Mining and Processing Division.
 
Galina Semyonova for Rough&Polished

Comments

Only registered users can add comments (Register, Login)