The rare 6.21-carat cushion cut intense pink diamond was unearthed in Yakutia. Picture: ALROSA New York-based Larry J. West purchased 6.21-carat intense pink diamond unearthed and polished by ALROSA.
By The Siberian Times reporter: The rare 6.21-carat cushion cut intense pink diamond was unearthed in Yakutia. Picture: ALROSA The unique stone originates from Yakutia, Russia's largest region and home to the world's pole of cold.
Larry J. West, a three generation natural color diamond wholesaler, has been searching for the most extraordinary natural color diamonds in the world for over 30 years.
'As global production declines, pink diamonds will become rarer and thus more valuable,' he said. 'This is the first diamond from Russia that I have bought directly from ALROSA.
'It possesses excellent characteristics and will certainly take a worthy place in my collection.'
Although the price of the rare diamond is not disclosed, market insiders estimate that pink diamonds go for about $1 million to $3 million a carat.
Yakutian diamonds on display at the Republic's Treasury. Pictures: The Siberian Times
The global market for polished coloured diamonds has been controlled by Rio Tinto and De Beers, but ALROSA is making changes to its sorting and processing in order to compete.
'ALROSA deposits are known not only for their colorless diamonds, but also for a variety of rough colored diamonds', said Rebecca Foerster, President of ALROSA USA.
'Our cutters' unique skills allow us to turn them into high-quality diamonds.
'A closed production cycle guarantees the origin of each stone, and allows us to track its path from its birth in Earth’s mantle', Foerster added.
The diamond mining giant has an in-house cutting division and guarantees the provenance of each diamond.
'All the diamonds are accompanied by an extended digital passport, which contains information about the date and place of mining, characteristics, and even information about the cutter and his professional experience', explained head of ALROSA's sales Evgeny Agureev RSource : http://siberiantimes.com/
