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.

Agureev stressed the importance of the upcoming auction, mentioning how “our entire industry faced the toughest call in its history” a year ago.

During the auction, Alrosa also intends to sell a 190.7-carat diamond, another 136.2-carat diamond, and other smaller stones.


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

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