Alrosa holds first auction of large fancy colour diamonds

Alrosa holds first auction of large fancy colour diamonds

Alrosa has launched its first True Colours auction of large fancy colour diamonds, which is slated to become a regular event.

The company presented its first extensive collection of large fancy colour diamonds, comprising 250 stones of different shapes and hues, at the September Hong Kong Jewellery & Gem Fair. The diamonds were then put up for sale in the September 19 True Colours auction. Results will be announced later in the month.

“Alrosa’s polished branch now focuses on the processing of large fancy colour diamonds and their subsequent sale. We are the world’s largest producer of diamonds, and that gives us reason to believe that we are also ahead in terms of fancy colour rough diamond production. Today, Alrosa produces at least 7,000 carats of fancy colour diamonds per year. We have all it takes to dominate the market of fancy colour diamonds. The collection presented in Hong Kong demonstrates our capabilities,” said Evgeny Agureev, director of the United Selling Organization of Alrosa.

The key stones of the collection, which are expected to be the most expensive lots, include an 11-carat fancy vivid yellow diamond, an orangey-yellow oval diamond of over 15 carats, and an 11-carat deep purple-pink cushion diamond. According to Alrosa, the latter is the largest diamond of this colour ever graded by the Gemological Institute of America (GIA).

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