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Size Matters: Russian Gem Mining Giant to Peddle 'Ping-Pong Ball' Sized Diamond


Size Matters: Russian Gem Mining Giant to Peddle Ping-Pong Ball Sized Diamond
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Sputnik / Alrosa
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https://sputniknews.com/business/202102261082199737-size-matters-russian-gem-mining-giant-to-peddle-ping-pong-ball-sized-diamond/
The company is also reportedly expected to sell other sizeable diamonds – 190.7 carat and 136.2 carat – as well as a number of smaller gems, during the auction.
Prominent Russian diamond mining company Alrosa is about to auction a massive 242-carat diamond, which is one of the largest it s mined since 2000.
According to Bloomberg, the starting price for the gem, almost the size of ping pong ball, is going to be “a little above $2 million.”
The diamond is expected to be available for viewing at Alrosa’s sales office in Dubai between 14 March and 21 March, with the results of the auction slated to be announced on 22 March. ....

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A diamond the size of a ping-pong ball is about to sell for millions

A diamond the size of a ping-pong ball is about to sell for millions
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Diamonds really are forever: trade roars back thanks to stuck-at-home shoppers


(iStock)
The global diamond trade spent years in the doldrums, only to be crippled by the pandemic just as things started looking up
De Beers is poised for its biggest rough-diamond sale in three years, even after raising prices
With vacations on hold due to lockdowns and other restrictions, consumers are putting their disposable income into online purchases
The global diamond trade spent years in the doldrums, only to be crippled by the pandemic just as things started looking up. Now, at last, business is booming again.
Factories in the industry’s “engine room” the Indian city of Surat are so desperate to boost production that the most-skilled cutters and polishers are being headhunted with offers of 50% pay hikes and perks like free food and housing. Miner De Beers is poised for its biggest rough-diamond sale in three years, even after raising prices, and rival Alrosa PJSC said this week it expects the recovery will keep going f ....

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