Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

ALROSA’s 14.83 ct Spirit of the Rose may become one of the world’s most expensive diamonds

15 august 2019

Russian miner ALROSA intends to sell its 14.83 ct pink diamond «The Spirit of the Rose» in November this year, the company’s spokeswoman Evgeniya Kozenko was quoted by Bloomberg as saying.
Eden Rachminov, the chairman of the board of the Fancy Color Research Foundation said that the stone may be worth $60 million to $65 million, which makes it one of the most expensive pink diamonds ever sold. 
The Spirit of the Rose was graded by GIA as fancy vivid purple-pink with excellent clarity, excellent polish and very good symmetry, says the report.  

                                Image credit: ALROSA

The oval crystal, which was unearthed by ALROSA in 2017, was named after the ballet Le Spectre de la Rose. Initially the stone weighed 27.85 cts, it took Alrosa’s cutting factory one year to prepare and cut the diamond. 
The representative of Alrosa’s press service didn’t comment on the estimated price of the stone but added that it will become the most expensive polished diamond in Russia, according to Bloomberg.
The company has chosen to sell diamond at a time when Rio Tinto’s pink diamond mine Argyle is depleting. It used to be the largest source of pink diamonds in the world. 

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg